-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.

Question

-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.

Quizplus · Accepted Answer

The Answer of 
-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.

-The Above Figure Shows Supply and Demand Curves for Apartment