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.Suppose that instead of a rent ceiling, the government imposed a price floor of $2000 per month for apartments.What is the value of the portion of consumer surplus transferred to producers as a result of the price floor?
A) $40 000
B) $100 000
C) $125 000
D) $140 000
Correct Answer:

Verified
Correct Answer:
Verified
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