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The demand function for rental apartments is D(p) = 900-p, and the supply function is S(p) = 200 + p.
(a) What is the equilibrium price (rent) and quantity of apartments rented?
(b) What quantity tax t will maximize the government's revenue?
(c) If the government makes it illegal for landlords to charge more than p¯ of rent, what value of ¯p results in the same deadweight loss as your answer in part (b)?
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