Answer:
is measured as the combined loss of consumer surplus and producer surplus.
Explanation:
A deadweight loss happens when the equilibrium quantity is not reached, resulting in a loss of economic surplus (addition of supplier and consumer surplus).
For example, a price ceiling increases the quantity demanded but decreases the quantity supplied, resulting in a shortage. The deadweight loss is measured by the area beneath the demand curve and above the supply curve.
The deadweight loss can also result from a price floor, where the quantity demanded decrease and the quantity supplied increases.
