(Answered) Suppose that demand for a good is given by q 136

Management Studies

Suppose that demand for a good is given by Q = 136 - 3P, while supply for the good is given by Q = 3P - 7. If a price ceiling of $11.42 is imposed, what will be the area of the deadweight loss?

Round your answer to two decimal places. Do not include a $ sign.

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