Refer to Figure 4-6. What area represents the deadweight loss after the imposition of the price
floor?
Figure 4-5 shows the market for apartments in Springfield. Recently, the government imposed a rent ceiling of $1,000 per
month. Refer to Figure 4-5. What is the value of consumer surplus after the imposition of the ceiling?
Figure 4-8 shows the market for beer. The government plans to impose a unit tax in this market.
8) Refer to Figure 4-8. The size of the unit tax is _____; while the portion of the tax paid by the
customers is____
