Question: Question 2 3 pts The mayor is considering a housing relief program that will reduce the market rate for housing by 25%. They project that

Question 2 3 pts The mayor is considering a housing relief

Question 2 3 pts The mayor is considering a housing relief program that will reduce the market rate for housing by 25%. They project that this will increase quantity demanded for housing by 25%. Currently, there are 40,000 houses with a market rental rate of $1,000 per month. What will be the increase in consumer surplus due to this program? $23,125,000 $11,250,000 $50,000,000 $5,250,000

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