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Below is current housing market in the Twin cities. The market is in equilibrium...

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Below is current housing market in the Twin cities. The market is in equilibrium today.

                       

Suppose the government decides to impose a price ceiling at $500/apartment. What is the consumer surplus when the consumer cannot use any other means to signal their price (i.e. no bribe, no waiting time, no extra brokerage fee) and the apartments are sold to those who value the apartments the most?

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