What is meant by deadweight loss? why does a price ceiling usually result in a deadweight loss? deadweight loss is a a price ceiling results in a deadweight loss when the ceiling price is set the market clearing price.

term indicating about benefits that will not be available to parties ,  below

Explanation: Deadweight loss is the loss that occurs when the occurrence of supply and demand are not in equilibrium that can result in market inefficiency. It states about the unavailable benefits to any party of the market society.

Price ceiling is the term used for limit indication that how high a charge price can be for a service or product. Price ceiling can face deadweight loss when it is stated below the market equilibrium price as the market equilibrium quantity of goods supply would also be low .This situation will create a loss situation for producers in surplus.

abolish

do away with

unanimous

in complete agreement

secede

separate; break free

inauguration

starting a new position with a formal ceremony.

cooperationist

people who wanted the north to cooperate with the south

surrender

to give up

volunteer

perform a service for free

draft

involuntary service in military

retreat

withdraw; move away from enemy

advisor

expert who gives advice

explanation: