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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. Prlca (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. Prlca (dollars per month) $2.500 2-000 ...... .. 1,000 500 0 200 400 600 Quantity (apartments) What is the value of consumer surplus after the imposition of the ceiling? Q $300,000 0 $250,000 0 $400,000 Q $200,000 The figure below shows the market for measles vaccinations, a product whose use generates positive externalities. What is the deadweight loss resulting from producing at the market equilibrium? Prlce of vaccination: 0 O, 02 Quantity of vaccinations
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