Answer: D. Reduction in economic surplus resulting from a market not being in competitive equilibrium
Explanation: A deadweight loss, also known as excess burden or allocative inefficiency, is a loss of economic efficiency that can occur when the free market equilibrium for a good or a service is not achieved. The economic efficiency is defined as the market outcome in which marginal benefit to consumers of the last unit produced is equal to marginal cost of production and in which the sum of consumer surplus and producer surplus is at a maximum. That can be caused by monopoly pricing in the case of artificial scarcity, an externality, a tax or subsidy, or a binding price ceiling or price floor such as a minimum wage and living wage laws.
Deadweight loss created by a binding price ceiling. The price ceiling is the maximum amount sellers can charge. Examples of price ceilings include price controls and rent controls. The producer surplus always decreases, but the consumer surplus may or may not increase; however, the decrease in producer surplus must be greater than the increase, if any, in consumer surplus that is difference between the highest price a consumer is willing to pay and the lowest price.
It is important to note that while certain members of society may benefit from the imbalance, others will be negatively impacted by an equilibrium shift.
Answer:
ngl, this song has been stuck in my head for a week straight now, especially 'It's Been so Long'
Shoulder stretches
- get warmed up
- move your shoulders in all directions
- move shoulders up down side side
Triceps stretches
- sit or stand to keep your back straight
- <span>Raise your left arm straight overhead, then bend it so your left hand is on the middle of your upper back. Your biceps and forearm should be touching.
</span>- <span>Pull your left elbow gently toward your right side until you feel a stretch in your left triceps. Hold the stretch for 10 seconds and repeat on the other side.
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Answer:
There are five primary functions of carbohydrates in the human body. They are:
energy production
energy storage
building macromolecules
sparing protein
and assisting in lipid metabolism.
