Multiple Choice

-The figure above shows the housing market in the city of Appleville. A rent ceiling of $650 per month is imposed. With the rent ceiling, the deadweight loss in the Appleville housing market is
A) zero.
B) at least $15,000 per month.
C) at most $7,500 per month.
D) 300 units per month.
Correct Answer:
Verified
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