johnsoncr0214 johnsoncr0214
  • 10-10-2022
  • Mathematics
contestada

Elijah is lucky enough to get a rent-controlled apartment for $800 per month. The market rent on such an apartment is $3,000 per month. Elijah herself values the apartment at $2,000 per month, and she’d be quite happy with a regular, $2,000 per month apartment. If she stays in the apartment, how much consumer surplus does she enjoy?

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