-The Above Figure Shows Supply and Demand Curves for Apartment

question 131

Multiple Choice

-The above figure shows supply and demand curves for apartment units in a large city.If the city government passes a law that establishes $350 per month as the legal maximum rent,producer surplus

• A) increases.
• B) decreases.
• C) stays the same.
• D) changes in a direction that cannot be determined from the information given.

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Definitions:

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