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Figure 1-3 Price (5) A Supply G D F Rent colling H Demand G Quantity of apartments Figure 1-3 shows the market for apartments. Recently,
Figure 1-3 Price (5) A Supply G D F Rent colling H Demand G Quantity of apartments Figure 1-3 shows the market for apartments. Recently, the government imposed a rent ceiling at Ro. 8. Refer to Figure 1-3. What is the area that represents consumer surplus after the imposition of the ceiling? 9. Refer to Figure 1-3. What is the area that represents the producer surplus after the imposition of the ceiling? 10. Refer to Figure 1-3. What area represents the deadweight loss after the imposition of the ceiling? 11. Refer to Figure 1-3. Suppose that instead of a price ceiling, the government imposed a price floor of RJ. What is the area representing producer surplus after the imposition of the price floor
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