Given the current market from Question 3, consider that the government implements the proposed policy - a 40% ad valorem subsidy on buyers. Describe the resulting market outcome and compare the outcome to the previous outcomes in Questions 1 and 2. As with the previous questions, this description should include the current market price (rent), the price tenants pay, the price landlords receive, and the quantity of housing units rented per month. Also include consumers' surplus, producers' surplus, government surplus (if any) and the total surplus in the market. Be sure to include a discussion about whether the market's equilibrium status and level of efficiency. This discussion should inform what factors led to the conclusion about equilibrium and efficiency and provide appropriate measures (if any) of these. Also include a brief discussion about whether the current market adequately provides affordable housing to those desiring to rent a 2-bedroom housing unit. As with the previous questions, all calculations and graphs should be documented on a separate page(s), labeled as Appendix 3, and referred to (where appropriate) in the discussion