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 producer surplus after the imposition of the ceiling is

A) $40 000
B) $100 000
C) $300 000
D) $430 000