Suppose the equation for the demand curve is given by P equals 50 minus 1 half Q , and the equation for the supply curve is given by P equals 3 over 2 Q. Is there a deadweight loss associated with a price ceiling of 15 in the economy? If so, calculate it.


Not efficient. The deadweight loss is 400.


Not efficient. The deadweight loss is 112.5.


Not efficient. The deadweight loss is 225.


It is efficient.