How to Calculate Deadweight Loss (with a Price Floor)

How to Calculate Deadweight Loss (with a Price Floor) | Think Econ

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Күн бұрын

In this video we learn about deadweight loss (DWL) in economics. We talk about what it is, when it occurs, are most importantly, how to calculate it!
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Пікірлер: 59

@ThinkEcon Жыл бұрын

If you found this video helpful, consider liking the video and subscribe to the channel to see more educational economics content!

@DeltaAirlines737 5 ай бұрын

Thank you, I had to look all over for a video that explained how to find the quantity floor and finally found this one!

@omarezzat8270 7 ай бұрын

thanks, u saved my GPA.

@ThinkEcon 7 ай бұрын

Glad I could help!

@user-nw1vn4fi7y 4 ай бұрын

Keep making more videos. Liked and Subscribed and hit the notification bell for ALLLLL. Thanks

@user-ff6gf8gk5m 3 ай бұрын

In fact you are the best. I will like you to make a video on how tax is shared between consumers and producers and also how to calculate it

@JessicaMachiavelli 9 ай бұрын

thank you! I have an exam in 6 hours. using this video as a review guide.

@ThinkEcon 9 ай бұрын

Glad to hear it. Good luck on the exam! :)

@elladre137 8 ай бұрын

I love you, sir, respectfully.

@janenelisafreitas6071 6 ай бұрын

Thank you so much you are phenominal.

@user-phaseadams 3 ай бұрын

Thank you sooo much ❤❤

@TheOwlTheOne Жыл бұрын

Appreciate the help! Great explanation

@ThinkEcon Жыл бұрын

Thank you!

@laxmimaurya8487 Жыл бұрын

Nice and easy explanation!!! Thank you 😊

@ThinkEcon Жыл бұрын

You're welcome! I'm glad you enjoyed! :)

@shikhasingh2898 10 ай бұрын

Nice 👍👍👍

@daniel-or2pg Жыл бұрын

Blessings Brother appreciate it

@ThinkEcon Жыл бұрын

Glad it was helpful!

@ernestdaka4083 2 ай бұрын

Awesome video... Was really helpful

@ThinkEcon 2 ай бұрын

I'm glad to hear that!

@wasixsunil Жыл бұрын

Yeah that's helpful 👍🏻

@ThinkEcon Жыл бұрын

Glad to hear it!

@noahp7062 Жыл бұрын

greate video. thanks man

@ThinkEcon Жыл бұрын

Glad you found it helpful! :)

@nimra9679 11 ай бұрын

Make video on how to calculate welfare also

@dunot9605 3 ай бұрын

Thanks! Explained it better than my teacher

@ThinkEcon 3 ай бұрын

Glad to hear you found it helpful!

@suchetanamukhopadhyay3746 Жыл бұрын

Thank you sir.

@ThinkEcon Жыл бұрын

You’re welcome

@Prjthpa 3 ай бұрын

Thank you so much

@ThinkEcon 2 ай бұрын

You're very welcome!

@jeanfrancofigallo7080 11 ай бұрын

awesome man, great video helping me with economics right now

@ThinkEcon 11 ай бұрын

I'm glad you're finding the videos helpful!

@Steph-ng3fv 9 ай бұрын

very helpful

@ThinkEcon 9 ай бұрын

I'm glad to hear that!

@O919lok 10 ай бұрын

Thank u for ur work! Could you also provide practice exercises in the end of ur discussions?

@ThinkEcon 9 ай бұрын

Absolutely! That’s a great idea!

@ni731 4 ай бұрын

I need some help. i have a similar example, but i have only given supple and deman equation of the lines. How can i calculate monopsony deadweight loss😥

@priyanshukr.sharma2697 6 ай бұрын

really graet explanation

@ThinkEcon 6 ай бұрын

Thank you!

@rraehaneh Жыл бұрын

Hello! Sorry if this question sounds stupid but how abt ceiling price? Which part of it is the dwl?

@ThinkEcon Жыл бұрын

Not a stupid question at all! We do have a video about price ceilings where I highlight the DWL section on a graph. You should check it out if you get the chance!

@jamesbrannigan8530 10 ай бұрын

What's the link to this video? Having trouble finding it. @@ThinkEcon

@ThinkEcon 10 ай бұрын

kzfaq.info/get/bejne/l5iZfsSF1s3WqKc.html

@ayeshafaheem4467 9 ай бұрын

from where did the supply and demand equations came and what is 5p?

@ThinkEcon 9 ай бұрын

The supply and demand equations will always be given for the problem, so these are just hypothetical equations to illustrate the steps to solving!

@Arturo-hc9pl Жыл бұрын

Is calculating deadweight lost the same think as calculating over and under production?

@ThinkEcon Жыл бұрын

They’re similar, but not the same. DWL occurs any time a market is out of equilibrium. Over and under production are just two possibilities for disequilibrium.

@Arturo-hc9pl Жыл бұрын

@@ThinkEcon thanks ❤️