Lost gains from trade is called deadweight loss.

True

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False

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Solution

The correct option is A
True

True. Lost gains from trade is called deadweight loss.

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Price floors works exactly how price ceilings work, and hence, have four parallel effects: Surpluses, Lost gains from trade (deadweight loss), Wasteful increases in quality and again misallocation of resources

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Lost gains from trade is called deadweight loss.

The correct option is A True True. Lost gains from trade is called deadweight loss.

The correct option is A
True

True. Lost gains from trade is called deadweight loss.