fully explain

Question 9 Not complete Marked out of 1.00 \\V Flag question The following gure shows the market for apartments in a big city. Price (dollars per month) 780 600 Q1 700 0.2 Quantity (apartments) Suppose the government decides to set a rent ceiling of $400 per month. When the price is $400, the quantity demanded is Q2 and the quantity supplied is Q1. With this price ceiling, the minimum possible deadweight loss is $[Answer]. (In decimal numbers, with two decimal places, please.) Answer: Question 10 Not complete Marked out of 1.00 \\V Flag question Continue with the $400 price ceiling. Consider two alternative ways of allocating the apartments when a shortage is present: bribery and waiting in line. Assume the per unit cost of waiting time is same for all buyers, then the difference between the total social welfares under the two scenarios is $[Answer]. (In decimal numbers, with two decimal places, please.) Question 11 Not complete Marked out of 1.00 s7 Flag question Continue with the $400 price ceiling. There will be a shortage of [Answer] apartments. (In decimal numbers, with two decimal places, please.) Question 12 Not complete Marked out of 1.00 V Flag question Assume that the consumption is automatically allocated to the highestvaluation consumers. The consumer surplus after the price ceiling is enforced is $[Answer]. (In decimal numbers, with two decimal places, please.)