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

Think Econ
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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!
Video on how to calculate Consumer and Producer Surplus: • How to Calculate Produ...
Video on how to calculate equilibrium price and quantity: • How to Calculate Marke...
#dwl #economics #pricefloor
Keywords:
how to calculate deadweight loss,
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how to calculate deadweight loss from a graph,
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how to calculate deadweight loss from price ceiling,
how to calculate deadweight loss from price floor,
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how to calculate deadweight loss in perfect competition,
how to calculate deadweight loss in graph,
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how to calculate deadweight loss price ceiling,
how to calculate deadweight loss with a price ceiling,
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how to calculate deadweight loss with equations,
how to calculate the deadweight loss

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31 июл 2024

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Комментарии : 59   
@ThinkEcon
@ThinkEcon Год назад
If you found this video helpful, consider liking the video and subscribe to the channel to see more educational economics content!
@DeltaAirlines737
@DeltaAirlines737 5 месяцев назад
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
@omarezzat8270 7 месяцев назад
thanks, u saved my GPA.
@ThinkEcon
@ThinkEcon 7 месяцев назад
Glad I could help!
@user-ff6gf8gk5m
@user-ff6gf8gk5m 3 месяца назад
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
@user-nw1vn4fi7y
@user-nw1vn4fi7y 4 месяца назад
Keep making more videos. Liked and Subscribed and hit the notification bell for ALLLLL. Thanks
@elladre137
@elladre137 8 месяцев назад
I love you, sir, respectfully.
@janenelisafreitas6071
@janenelisafreitas6071 5 месяцев назад
Thank you so much you are phenominal.
@JessicaMachiavelli
@JessicaMachiavelli 9 месяцев назад
thank you! I have an exam in 6 hours. using this video as a review guide.
@ThinkEcon
@ThinkEcon 9 месяцев назад
Glad to hear it. Good luck on the exam! :)
@TheOwlTheOne
@TheOwlTheOne Год назад
Appreciate the help! Great explanation
@ThinkEcon
@ThinkEcon Год назад
Thank you!
@user-phaseadams
@user-phaseadams 3 месяца назад
Thank you sooo much ❤❤
@laxmimaurya8487
@laxmimaurya8487 Год назад
Nice and easy explanation!!! Thank you 😊
@ThinkEcon
@ThinkEcon Год назад
You're welcome! I'm glad you enjoyed! :)
@ernestdaka4083
@ernestdaka4083 2 месяца назад
Awesome video... Was really helpful
@ThinkEcon
@ThinkEcon 2 месяца назад
I'm glad to hear that!
@wasixsunil
@wasixsunil Год назад
Yeah that's helpful 👍🏻
@ThinkEcon
@ThinkEcon Год назад
Glad to hear it!
@daniel-or2pg
@daniel-or2pg Год назад
Blessings Brother appreciate it
@ThinkEcon
@ThinkEcon Год назад
Glad it was helpful!
@shikhasingh2898
@shikhasingh2898 10 месяцев назад
Nice 👍👍👍
@noahp7062
@noahp7062 Год назад
greate video. thanks man
@ThinkEcon
@ThinkEcon Год назад
Glad you found it helpful! :)
@jeanfrancofigallo7080
@jeanfrancofigallo7080 11 месяцев назад
awesome man, great video helping me with economics right now
@ThinkEcon
@ThinkEcon 11 месяцев назад
I'm glad you're finding the videos helpful!
@dunot9605
@dunot9605 3 месяца назад
Thanks! Explained it better than my teacher
@ThinkEcon
@ThinkEcon 3 месяца назад
Glad to hear you found it helpful!
@ni731
@ni731 4 месяца назад
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😥
@suchetanamukhopadhyay3746
@suchetanamukhopadhyay3746 Год назад
Thank you sir.
@ThinkEcon
@ThinkEcon Год назад
You’re welcome
@sarahaddae6958
@sarahaddae6958 5 месяцев назад
very helpful
@ThinkEcon
@ThinkEcon 5 месяцев назад
Glad to hear it!
@nimra9679
@nimra9679 11 месяцев назад
Make video on how to calculate welfare also
@O919lok
@O919lok 9 месяцев назад
Thank u for ur work! Could you also provide practice exercises in the end of ur discussions?
@ThinkEcon
@ThinkEcon 9 месяцев назад
Absolutely! That’s a great idea!
@Prjthpa
@Prjthpa 3 месяца назад
Thank you so much
@ThinkEcon
@ThinkEcon Месяц назад
You're very welcome!
@priyanshukr.sharma2697
@priyanshukr.sharma2697 6 месяцев назад
really graet explanation
@ThinkEcon
@ThinkEcon 6 месяцев назад
Thank you!
@rraehaneh
@rraehaneh Год назад
Hello! Sorry if this question sounds stupid but how abt ceiling price? Which part of it is the dwl?
@ThinkEcon
@ThinkEcon Год назад
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
@jamesbrannigan8530 10 месяцев назад
What's the link to this video? Having trouble finding it. @@ThinkEcon
@ThinkEcon
@ThinkEcon 10 месяцев назад
ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-a2iKaTqgrxs.html
@Arturo-hc9pl
@Arturo-hc9pl Год назад
Is calculating deadweight lost the same think as calculating over and under production?
@ThinkEcon
@ThinkEcon Год назад
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
@Arturo-hc9pl Год назад
@@ThinkEcon thanks ❤️
@ayeshafaheem4467
@ayeshafaheem4467 9 месяцев назад
from where did the supply and demand equations came and what is 5p?
@ThinkEcon
@ThinkEcon 9 месяцев назад
The supply and demand equations will always be given for the problem, so these are just hypothetical equations to illustrate the steps to solving!
@yousrachouihi5306
@yousrachouihi5306 9 месяцев назад
what would be the new consumer and producer surplus
@ThinkEcon
@ThinkEcon 9 месяцев назад
The area of the green and pink sections respectively!
@ovieomuoreh8440
@ovieomuoreh8440 9 месяцев назад
Where did you get 60 from the triangle
@ThinkEcon
@ThinkEcon 9 месяцев назад
Great question! It's the height of the DWL triangle. Looking at the Quantity axis it's the difference between 180 and 120. Hope this helps!
@respectydhdjxh1977
@respectydhdjxh1977 Год назад
what about with price ceiling?
@ThinkEcon
@ThinkEcon Год назад
It's the same process, but the DWL would be above the price ceiling!
@updeshsinghbhangu9061
@updeshsinghbhangu9061 9 месяцев назад
What if there is a monopoly
@ThinkEcon
@ThinkEcon 9 месяцев назад
How to Calculate DEADWEIGHT LOSS on a Monopoly Graph (THE EASY WAY) | Think Econ ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-ZMxUpGkwCb4.html
@Steph-ng3fv
@Steph-ng3fv 9 месяцев назад
very helpful
@ThinkEcon
@ThinkEcon 9 месяцев назад
I'm glad to hear that!
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