-The above figure shows supply and demand curves for apartment units in a large city.The area "c" represents
A) the loss in consumer surplus if a rent ceiling of $350 is imposed.
B) a transfer from producers to consumers if a rent ceiling of $350 is imposed.
C) a transfer from consumers to producers if a rent ceiling of $350 is imposed.
D) the total revenue received by supplying Q1 units.

Question

-The above figure shows supply and demand curves for apartment units in a large city.The area "c" represents
A) the loss in consumer surplus if a rent ceiling of $350 is imposed. 
B) a transfer from producers to consumers if a rent ceiling of $350 is imposed. 
C) a transfer from consumers to producers if a rent ceiling of $350 is imposed. 
D) the total revenue received by supplying Q1 units.

Quizplus · Accepted Answer

The Answer of 
-The above figure shows supply and demand curves for apartment units in a large city.The area "c" represents
A) the loss in consumer surplus if a rent ceiling of $350 is imposed. 
B) a transfer from producers to consumers if a rent ceiling of $350 is imposed. 
C) a transfer from consumers to producers if a rent ceiling of $350 is imposed. 
D) the total revenue received by supplying Q1 units.

-The Above Figure Shows Supply and Demand Curves for Apartment