Arrange the following steps in the correct order to calculate deadweight loss from a price floor in a market: A) Identify the equilibrium price and quantity. B) Determine the price floor and its impact on quantity demanded and supplied. C) Calculate the area of the triangles formed by the loss of consumer and producer surplus. D) Analyze the overall market efficiency and welfare loss.

To calculate deadweight loss from a price floor, you first need to identify the equilibrium price and quantity in the market. Once you know these values, determine the price floor and see how it affects the quantity demanded and supplied. After that, you can calculate the area of the triangles that represent the loss of consumer and producer surplus due to the price floor. Finally, analyze the overall market efficiency and the welfare loss to understand how the price floor impacts the market as a whole. For example, if a price floor is set above the equilibrium price, it can lead to excess supply, reducing the overall welfare in the market.