Suppose market demand and supply are characterized by the following equations: 16 - 0.5Qd 4 + 0.3Q5 Suppose a market quota has been set at
Suppose market demand and supply are characterized by the following equations: 16 - 0.5Qd 4 + 0.3Q5 Suppose a market quota has been set at 8 units of the good. What is the deadweight loss associated with introducing this quota? (Round your answer to one decimal place.)
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