<P> A deadweight loss , also known as excess burden or allocative inefficiency , is a loss of economic efficiency that can occur when equilibrium for a good or a service is not achieved . That can be caused by monopoly pricing in the case of artificial scarcity , an externality , a tax or subsidy , or a binding price ceiling or price floor such as a minimum wage . </P>
<P> A deadweight loss , also known as excess burden or allocative inefficiency , is a loss of economic efficiency that can occur when equilibrium for a good or a service is not achieved . That can be caused by monopoly pricing in the case of artificial scarcity , an externality , a tax or subsidy , or a binding price ceiling or price floor such as a minimum wage . </P>
the deadweight loss from a tax is called the
the deadweight loss from a tax is called the
excess burden allocative inefficiency
excess burden allocative inefficiency