Economics > QUESTIONS & ANSWERS > University of Louisiana, Lafayette - ECON 528/ECON528 Module 5 Homework Assignment (All)
University of Louisiana, Lafayette - ECON 528/ECON528 Module 5 Homework Assignment
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Question 1 Correct Mark 1.00 out of 1.00 Figure 4-5 shows the market for apartments in Springfield. Recently, the government imposed a rent ceiling of $1,000 per month. Refer to Figure 4-5. What ... is the value of consumer surplus after the imposition of the ceiling at $1000 per month? Select one: a. $270,000 b. $230,000 c. $430,000 d. $120,000 Question 2 Correct Mark 1.00 out of 1.00 Figure 4-5 shows the market for apartments in Springfield. Recently, the government imposed a rent ceiling of $1,000 per month. Refer to Figure 4-5. What is the value of producer surplus after the imposition of the ceiling? Select one: a. $430,000 b. $40,000 c. $300,000 d. $100,000 Your answer is correct. The correct answer is: $40,000 Your answer is correct. The correct answer is: $230,000 [Show More]
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