Figure 4-9 Figure 4-9 Shows the Demand and Supply

Multiple Choice

Figure 4-9 Figure 4-9 shows the demand and supply curves for the almond market. The government believes that the equilibrium price is too low and tries to help almond growers by setting a price floor at Pf.
-Which of the following is not a result of imposing a rent ceiling?

A) Some consumer surplus is converted to producer surplus.
B) There is a reduction in the quantity supplied of apartments.
C) There is an increase in the quantity demanded of apartments.
D) The marginal benefit of the last apartment rented is greater than the marginal cost of supplying it.