-The Above Figure Shows Supply and Demand Curves for Apartment

question 99

Multiple Choice

-The above figure shows supply and demand curves for apartment units in a large city.The area "e" represents

• A) the loss in producer surplus if a rent ceiling of $350 is imposed.
• B) the total variable cost of supplying Q1 units.
• C) the marginal cost of supplying Q1 units.
• D) the total revenue received by supplying Q1 units.

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