Figure 4-5 Figure 4-5 Shows the Market for Apartments in Springfield.Recently, the for Apartments

question 4

Multiple Choice

Figure 4-5

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?

• A)$120,000
• B)$230,000
• C)$270,000
• D)$430,000

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Definitions:

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