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Refer to Figure 6.1.1. Suppose the demand for rental housing is shown by demand curve D1, and there is a rent ceiling of $150 per
Refer to Figure 6.1.1. Suppose the demand for rental housing is shown by demand curve D1, and there is a rent ceiling of $150 per room. Compared to the case without such rent ceiling, what is the change in producer surplus? (Assume that black market does not exist.)
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