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.Suppose that instead of a rent ceiling, the government imposed a price floor of $2,000 per month for apartments.What is the value of consumer surplus after the imposition of the price floor?
A) $25,000
B) $50,000
C) $200,000
D) $250,000
Correct Answer:

Verified
Correct Answer:
Verified
Q198: Figure 4-4<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 4-4
Q199: Figure 4-6<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 4-6
Q200: Which of the following is not a
Q201: Figure 4-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 4-1
Q202: Figure 4-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 4-2
Q203: Rent control is an example of<br>A)a subsidy
Q204: A tax that imposes a small excess
Q205: Which of the following is not a
Q207: Economic surplus<br>A)does not exist when a competitive
Q208: When Congress passed a law that imposed