Consider the market for wheat where demand is given by:

Qd=1001p

and supply is given by:

Qs=40+1p.

Now suppose that, due to a market failure (an artificial shipping constraint), a maximum of

60.0060.00

units of wheat can be supplied by firms in the market.

(p

The amount of the deadweight loss caused by the market failure is:

$enter your response here.

(Enter

your answer rounded to the nearest penny and as a positive

number.)