Multiple Choice

Figure 4-5 shows the market for apartments in Springfield. Recently, the government imposed a rent ceiling of $1,000 per month.
-Refer to Figure 4-5. What is the value of the deadweight loss after the imposition of the ceiling?
A) $50,000
B) $100,000
C) $150,000
D) $200,000
Correct Answer:
Verified
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