Refer to Figure 4-8. Suppose that instead of a rent ceiling, the government imposed a price floor of $2,000 per month for apartments. What is the value of the portion of consumer surplus transferred to producers as a result of the price floor?

A) $40,000 B) $100,000 C) $125,000 D) $140,000


B

Economics

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Which of the following are qualifications of the Coase Theorem?

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