The government introduces a law which imposes a cost of 5


The government introduces a law which imposes a cost of $5 on landlords (shifting the supply curve up by $5) and a benefit of $10 to the consumers (shifting the demand curve up by $10). How is the rent going to change? Are the parties going to be better or worse off? Is the law needed at all?

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Business Economics: The government introduces a law which imposes a cost of 5
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