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The below figure shows the market for apartments in Springfield. Recently, the government imposed a rent ceiling of $1,000 per month. Price (dollars per month)
The below figure shows the market for apartments in Springfield. Recently, the government imposed a rent ceiling of $1,000 per month. Price (dollars per month) $2,500 Supply 2,000 97942MURAL 1.500 1,000 500 Demand 200 400 600 Quantity (apartments) What is the value of the deadweight loss after the imposition of the ceiling? $200,000 $150,000 () $50,000 O $100,000The figure below shows the demand and supply curves for pickup trucks and the world price of a pickup truck. $70 &-.. ....| ... .. .. ... Price (in thousands) $60 Supply $50 $40 -.L... $30 World Price $20 $10 Demand 10 20 30 40 50 60 Quantity of Trucks (in thousands) Suppose that the world price of a pickup truck is $20,000, and the government imposes an import quota of 10,000 pickup trucks. Calculate the amount of deadweight loss that results from the imposition of the import quota. $225,000,000. O $100,000,000. O $50,000,000. $450,000,000
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