Figure 55 Figure 5

Multiple Choice

Figure 5.5 Figure 5.5 shows the market for apartments in Springfield.Recently, the government imposed a rent ceiling of $1000 per month.
-Refer to Figure 5.5.The value of consumer surplus after the imposition of the ceiling is

A) $120 000
B) $230 000
C) $270 000
D) $430 000