Why would economists use the term deadweight loss to describe the effect on consumer surplus and producer

Question:

Why would economists use the term deadweight loss to describe the effect on consumer surplus and producer surplus from a price control?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

Question Posted: