(Answered) If a price ceiling of 40 were set what would be the DWL (qpproximately)If a price ceiling of 40…

➤ How do I approximate DWL numerically with linear supply and demand if the ceiling is 40?
Write the linear demand and supply equations and solve for equilibrium price and quantity. Evaluate Qd(40) and Qs(40); traded quantity is min(Qd,Q s) at 40. Then compute DWL = 0.5 × (Qe − Qc) × (Pd_at_Qc − Ps_at_Qc), using values from the curves.