Suppose the equilibrium rent for apartments in Boston is $1,600.If the city of Boston regulates rents and each landlord charges $1,200, there will be:
A.an increase in producer surplus for each landlord.
B.a surplus of new apartments in Boston.
C.an increase in consumer surplus for Bostonians who can find apartments for $1,200.
D.an increase in total surplus.

Question

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The Answer of Suppose the equilibrium rent for apartments in Boston is $1,600.If the city of Boston regulates rents and each landlord charges $1,200, there will be:
A.an increase in producer surplus for each landlord.
B.a surplus of new apartments in Boston.
C.an increase in consumer surplus for Bostonians who can find apartments for $1,200.
D.an increase in total surplus.

Suppose the Equilibrium Rent for Apartments in Boston Is $1,600