Assume that the demand for selfie sticks is QD = 6 – 0.5P. Supply is given as QS = P-3. The deadweight loss due to a quota of two sticks is $_____.   A) $1.5   B) $3   C) $6   D) $8

Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter3: Demand, Supply, And The Market Process
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Assume that the demand for selfie sticks is QD = 6 – 0.5P. Supply is given as QS = P-3. The deadweight loss due to a quota of two sticks is $_____.

 

A) $1.5

 

B) $3

 

C) $6

 

D) $8

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