Assume a market in which maximum possible Total Social Surplus is equal to $250,000 (which is realized if 29,000 units are traded). If instead 34,000 units are traded, then realized Total Social Surplus is equal to $150,000. It follows that if 34,000 units are traded, then Deadweight Loss is equal to
a) $150,000-$250,000=-$100,000 (i.e., negative $100,000 )
b) $450,000-$350,000=$100,000
c) 34,000-29,000=5,000
d) $250,000-$150,000=$100,000
Assume a market in which maximum possible Total Social Surplus is equal to $250,000 (which is realized if 29,000 units are traded). If instead 34,000 units are traded, then realized Total Social Surplus is equal to $150,000 It follows that if 34,000 units are traded, then Deadweight Loss is equal to
a) $150,000 - $250,000 = -$100,000 (i.e., negative $100,000)
b) $450,000 -$350,000 =$100,000
c34,000-29,000=5,000
d $250,000-$150,000=$100,000