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.Suppose that instead of a rent ceiling, the government imposed a price floor of $2000 per month for apartments.What is the value of producer surplus after the imposition of the price floor?

A) $40 000
B) $240 000
C) $270 000
D) $290 000