Figure 4-5 Figure 4-5 Shows the Market for Apartments in Springfield. Recently

Multiple Choice

Figure 4-5

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