Question: Price (dollars per month) 2.000 - 1.500 - 1.000 - Demand 600 i _ __ .. 0 200 300 500 Quantity (apartments) Figure 4-8 shows

 Price (dollars per month) 2.000 - 1.500 - 1.000 - Demand

Price (dollars per month) 2.000 - 1.500 - 1.000 - Demand 600 i _ __ .. 0 200 300 500 Quantity (apartments) Figure 4-8 shows the market for apartments in Springfield. Recently, the government imposed a rent ceiling of $1,000 per month . 13) Refer tn Figure 4-8. What is the value of the portion of producer surplus transferred to consumers as a result of the rent ceiling ? 13) _ A) $40,000 13) $100,000 C) $125,000 D) $ 140,000

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