Flashcard sets with a 'deadweight loss' term meaning 'the reduction in total economic surplus that results from the adoption of a policy (price elasticity of demand & supply = inelastic = smaller dead weight loss)'

SEARCH

See other definitions of term:deadweight loss

1-1 of 1Flashcard sets with a 'deadweight loss' term meaning 'the reduction in total economic surplus that results from the adoption of a policy (price elasticity of demand & supply = inelastic = smaller dead weight loss)'
# Title Terms Date
1Econ Ch. 4,5,7by asmith1028 termsOctober 24, 2008
Get rid of ads on Quizlet
Groups 0Definitions 0

No groups found.

No definitions found.