Business, 29.11.2021 16:00 Jasten

Q1. (20 marks) Consider the market for rental housing. Demand schedule is and supply schedule is . a.(8 marks) What are the consumer surplus, producer surplus, and total surplus?.
b.(8 marks) Suppose the government imposes a price ceiling of $600. What are the consumer surplus, producer surplus, and total surplus?
c.(4 marks) Who would vote in favor of this price ceiling policy, and who would vote against it? Explain.

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Q1. (20 marks) Consider the market for rental housing. Demand schedule is and supply schedule is ....

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