What is meant by dead weight loss? Why does a price ceiling usually result in a dead weight loss?…

What is meant by defunct consequence forfeiture? Why does a figure ceiling usually development in a defunct consequence forfeiture?

Explain the homogeneity among middle wealth and figure elasticity of ask-for and final wealth.

If Engel incurvation for cheerful X is a upright sequence (cheerful X substance measured on X-axis), can X be a Giften cheerful? Give reasons.