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Figure 4-5 Shows the Market for Apartments in Springfield

Question 33

Multiple Choice

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 the portion of producer surplus transferred to consumers as a result of the rent ceiling? A) $50,000 B) $100,000 C) $150,000 D) $200,000
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 the portion of producer surplus transferred to consumers as a result of the rent ceiling?


A) $50,000
B) $100,000
C) $150,000
D) $200,000

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