[Solved] Figure 4-5

Question 121
Multiple Choice

Figure 4-5 img 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)$200,000
B)$250,000
C)$300,000
D)$400,000

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