Deadweight Loss in Economics: Definition, Formula & Example


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Which of the following would create deadweight loss?

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1. Who incurs the actual loss of a deadweight loss?

2. Which piece of information do you NOT need to know in order to determine deadweight loss?

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About This Quiz & Worksheet

This quiz/worksheet combination focuses on the definition and formula of deadweight loss in economics. Topics discussed include examples of deadweight loss and how to calculate a deadweight loss.

Quiz & Worksheet Goals

Use these assessment tools to test your knowledge of the following:

  • Group that incurs a deadweight loss
  • Relationship between price floors and deadweight loss
  • How to determine a deadweight loss

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the related business lesson
  • Critical thinking - apply relevant concepts to examine information about how to calculate and examine deadweight loss
  • Knowledge application - use your knowledge to answer questions about deadweight loss and its impact on consumers

Additional Learning

If you would like to learn more about this topic, review the lesson called Deadweight Loss in Economics: Definition, Formula & Example. This lesson covers the following objectives:

  • Learn more about the coffee shop conundrum
  • Study how to calculate a deadweight loss in more detail
  • Get a better understanding of price ceilings, price floors, and taxes