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Figure 4-8 Shows the Market for Apartments in Springfield

Question 364

Multiple Choice

Figure 4-8 shows the market for apartments in Springfield.Recently,the government imposed a rent ceiling of $1,000 per month. -Refer to Figure 4-8.What is the value of producer surplus after the imposition of the ceiling? A) $40,000 B) $100,000 C) $300,000 D) $430,000 Figure 4-8 shows the market for apartments in Springfield.Recently,the government imposed a rent ceiling of $1,000 per month.
-Refer to Figure 4-8.What is the value of producer surplus after the imposition of the ceiling?


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

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