There is a question from my homework. It says that an individual earns 20 dollars per hour and works 1000 hours per year. He has an uncompensated… There is a question from my homework. It says that an individual earns 20 dollars per hour and works 1000 hours per year. He has an uncompensated elastisity of labor supply of 0.6 and a compensated elastisity of 0.8. He will be charged a tax of 30 percent. The question is to find the deadweight loss based on the equivalent variation. I know how to find the deadweight loss by using the DWL equiation. I just want to know what does it mean to find dwl based on EV.