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The graph shows the market for apartments in Dayton, Ohio. Suppose there is a strictly Rent (dollars per month) enforced $1,200 rent ceiling in this
The graph shows the market for apartments in Dayton, Ohio. Suppose there is a strictly Rent (dollars per month) enforced $1,200 rent ceiling in this market. 3000- With the rent ceiling, the housing market is 2800- O A. inefficient because the marginal cost of the last apartment rented is greater than its marginal benefit 2600- O B. inefficient because a black market arises 2400- S C. inefficient because the marginal benefit from the last apartment rented is greater than its marginal cost 2200- O D. efficient because a rent ceiling gives poorer people greater access to housing 2000- E. efficient because the marginal cost of the last apartment rented is greater than its marginal benefit 1800- With the rent ceiling, the deadweight loss is $ 6,000,000. show 1600- >>> Remember that the quantity given on the x-axis is in thousands of apartments. With the rent ceiling, the housing market is fair by both the fair results and fair rules views. WORK 1400- 1200 O A. True 1000- D OB. False 800+ 0 5 10 15 20 25 30 Quantity (thousands of apartments)
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