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Figure 4-8 Figure 4-8 Shows the Market for Apartments

Question 229

Multiple Choice

Figure 4-8 Figure 4-8 Figure 4-8 shows the market for apartments in Springfield. Recently, the government imposed a rent ceiling of $1,000 per month. -Refer to Figure 4-8. 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 Figure 4-8 shows the market for apartments in Springfield. Recently, the government imposed a rent ceiling of $1,000 per month.
-Refer to Figure 4-8. 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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