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Suppose that the government decides to impose a rent control of $ 2 , 1 0 0 per month on rental apartments in New York
Suppose that the government decides to impose a rent control of $
per month on rental apartments in New York City. On the following graph, use the green point triangle symbol to shade the area representing consumers surplus in the presence of rent control. Use the purple point diamond symbol to shade the area representing producers surplus after the rent control. Then use the grey point star symbol to shade the area representing deadweight loss resulting from the rent control.
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