Let Market Supply for apartments be P=$200+0.5Qs Let Market Demand for apartments be P=$1700-0.75Qd a.) Calculate the

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Let Market Supply for apartments be P=$200+0.5Qs

Let Market Demand for apartments be P=$1700-0.75Qd

a.) Calculate the amount of Producer Surplus gained if rent control occurred, and the new price was set at $550 per month).

NOTE: CS Gained = 341664.

Calculate GAIN FROM PS

b) Calculate the amount of Producer Deadweight loss arising due to the rent control.

NOTE: DWL CS is 1/2(1175-800)*(1200-700)=93750

Please Calculate DWL FROM PS

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Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

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Posted Date: Feb 17, 2024 08:48 AM

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Let Market Supply for apartments be P=$200+0.5Qs Let Market Demand for apartments be P=$1700-0.75Qd a.) Calculate the

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Microeconomics An Intuitive Approach with Calculus

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