The ministry of misallocation has decreed that the production of widgets must be 4000 each month and the production of gizmos must be 1 each month. calculate the deadweight loss in each market caused by these restrictions. note the scale of the quantity axis is in thousands.

Which of the following describes one of the ways that the demographics of an area affect the price of housing in that area? a. when more people have children, their incomes tend to be higher and the housing prices are also higher. b. older people are more likely to stay in their houses, creating a seller's market that keeps prices low. c. an area with a lower population density won't have enough construction workers to build new houses quickly. d. an area with younger people will have a higher demand for rentals and a lower demand for buying.