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.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 producer surplus after the imposition of the price floor?

A) $50,000
B) $250,000
C) $300,000
D) $350,000