The market supply and market demand curves for a magazine highlighting events and happenings for a metropolitan area are illustrated in the figure to the right. If the magazine publisher charges a weekly subscription price of $4.00, what will be the resulting deadweight loss, if any? Deadweight loss will be $ nothing thousand. (Enter your response rounded to two decimal places.)

  

Transcribed Image Text:

5.00- Supply 4.50- 4.00- 3.50 3.00- 2.50- 2.00 1.50 1.00- 0.50- Demand 0.00- 9 10 Quantity (subscriptions per week in 1000s) Price (dollars per subscription) 5.00- Supply 4.50- 4.00- 3.50 3.00- 2.50- 2.00 1.50 1.00- 0.50- Demand 0.00- 9 10 Quantity (subscriptions per week in 1000s) Price (dollars per subscription)

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