A price ceiling of 6 is imposed where the market price is 14 and quantity demanded is 14. The deadweight loss is the triangle formed by the quantity supplied at the market price and the quantity supplied at the price ceiling, which is 21-14=7 units, with a base of 7 and height of the difference between the market price and price ceiling which is 14-6=8. Therefore, the deadweight loss is 28.

1. Assume that there are no externalities. Let a=$20,b=$14,c=$11,d=$6,j=14,m=21, and k=27
Calculate the deadweight loss if a price ceiling of $d is imposed? Do not enter the $ sign. Round to
two decimal places if required. Note: the area of a triangle is equal to (base x height). For
example, if the base of a triangle is 10 and the height of a triangle is 5 , the area of the triangle is
50 .