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Author Question: The above figure shows supply and demand curves for apartment units in a large city. If the city ... (Read 576 times)

maegan_martin

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on: Jun 18, 2019


The above figure shows supply and demand curves for apartment units in a large city. If the city government passes a law that establishes $350 per month as the legal maximum rent, the loss in social welfare equals
◦ f.
◦ b + c.
◦ a.
◦ f + g.
Microeconomics ¦ Perloff ¦ 8th Edition
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Marked as best answer by maegan_martin on Jun 18, 2019

vish98

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Reply #1 on: Jun 18, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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big1devin

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Reply #2 on: Jun 18, 2019


The above figure shows supply and demand curves for apartment units in a large city. If the city government passes a law that establishes $350 per month as the legal maximum rent, deadweight loss occurs because
◦ consumers place a greater value on the last apartment unit than the cost to supply it.
◦ the quantity of apartments supplied has decreased.
◦ the supplier of the last apartment unit receives a rental price that is less than the marginal cost of supplying it.
◦ All of the above.


amandalm

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Reply #3 on: Jun 18, 2019
consumers place a greater value on the last apartment unit than the cost to supply it.


big1devin

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Reply #4 on: Jun 18, 2019
Excellent


amandalm

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Reply #5 on: Jun 18, 2019
Great! Please up vote :D


Zoey63294

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Reply #6 on: Jun 18, 2019


The above figure shows supply and demand curves for apartment units in a large city. If the city government passes a law that establishes $350 per month as the legal maximum rent, the consumer's net gain in surplus equals
◦ b - f.
◦ d - f.
◦ c - f.
◦ The answer cannot be determined from the information given.


dominiqueenicolee

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Reply #7 on: Jun 18, 2019
c - f.


yoooooman

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Reply #8 on: Jun 18, 2019


The above figure shows supply and demand curves for apartment units in a large city. If the city government passes a law that establishes $350 per month as the legal maximum rent, producer surplus
◦ decreases.
◦ stays the same.
◦ increases.
◦ changes in a direction that cannot be determined from the information given.


maya.nigrin17@yahoo.com

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Reply #9 on: Jun 18, 2019
decreases.


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