Figure 4-10 shows the market for apartments in Bay City.Recently,the government imposed a rent ceiling at R0.
-Refer to Figure 4-10.Suppose that instead of a price ceiling,the government imposed a price floor of R1.What area represents the deadweight loss after the imposition of the price floor?

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The Answer of  Figure 4-10 shows the market for apartments in Bay City.Recently,the government imposed a rent ceiling at R0.
-Refer to Figure 4-10.Suppose that instead of a price ceiling,the government imposed a price floor of R1.What area represents the deadweight loss after the imposition of the price floor?

Figure 4-10 Shows the Market for Apartments in Bay City