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i want accurate answer with proper explanation please show all your work I'll upvote no chatgpt no handwriting solution please only typed solution no copy paste someone answer
Consider the market for wheat where demand is given by: Q = 150 - 1p and supply is given by: QS = 20 + 4p. Now suppose that, due to a market failure (an artificial shipping constraint), a maximum of 119.00 units of wheat can be supplied by firms in the market. The amount of the deadweight loss caused by the market failure is $ . (Enter your answer rounded to the nearest penny and as a positive number.)Step by Step Solution
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