Assume that the demand for selfie sticks (a device that helps a person take their own picture) is QD = 6 – 0.5P. Supply is given as QS = P. The deadweight loss due to a quota of two sticks is $_____.
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Assume that the demand for selfie sticks (a device that helps a person take their own picture) is QD = 6 – 0.5P. Supply is given as QS = P. The deadweight loss due to a quota of two sticks is $_____.