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Deadweight loss

society Maturity 13-18

Sometimes, people miss out on good deals.

TaxWithTax.svg
TaxWithTax.svg
This can happen when prices change. A person might want to buy something. But the price is too high. Then, they do not buy it. This makes everyone a little sad. Do you like good deals?

44 words
🖼️ Images & Media (3)
File:Deadweight-loss-price-ceiling.svg
Deadweight-loss-price-ceiling.svg
File:TaxWithTax.svg
TaxWithTax.svg
File:Tax deadweight.gif
Tax deadweight.gif
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📚 Content adapted from Wikipedia | Readability: FK 11.0 | Vital Level 5