The figure below shows a market for cotton, with the price held at $\$ 0.80$ per pound. Draw the deadweight loss in this market. Instructions: Use the tool provided 'DWL' to illustrate this area on the graph. Drag the points to move or resize. (i) Price Tools Quantity (millions of pounds)
Instructions: Enter your answer as a whole number. The deadweight loss caused by this policy is: $\$$ 3 million.