There are no deadweight losses in this market as a result of the $4 minimum wage.
A deadweight is a load that is surprisingly heavy and difficult to lift. deadweight is The weight of an inert person or thing. · The unrelieved weight of a heavy, motionless mass.
When goods are oversupplied, there is an economic loss. For example, a baker may make 100 loaves of bread but only sells 80. The 20 remaining loaves will go dry and moldy and will have to be thrown away – resulting in a deadweight loss.
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