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University of Louisiana, Lafayette - ECON 528 Module 5 Homework Assignment $15.49   Add to cart
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University of Louisiana, Lafayette - ECON 528 Module 5 Homework Assignment
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  • ECON 528

University of Louisiana, Lafayette - ECON 528 Module 5 Homework Assignment Started on Sunday, 23 September 2018, 5:59 PM State Finished Completed on Monday, 24 September 2018, 10:06 PM Time taken 1 day 4 hours Marks 21.00/25.0 0 Grade 8.40 out of 10.00 (84%) ECON528-850-ECON528-010- Question 1 Cor...

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  • March 8, 2022
  • 22
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

Subjects

  • university of louisiana
  • econ 528 module 5
  • lafayette econ 528 module 5 homework assignment
  • econ 528 module 5 homework assignment
  • what is the value of consumer surplus after the imposition of the cei

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  • ECON 528
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ECON528-850-ECON528-010-201920
Started on Sunday, 23 September 2018, 5:59 PM
State Finished
Completed on Monday, 24 September 2018, 10:06 PM
Time taken 1 day 4 hours
Marks 21.00/25.00
Grade 8.40 out of 10.00 (84%)

,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 ren
$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

Select one:
a. $270,000
b. $230,000
c. $430,000
d. $120,000



Your answer is correct.
The correct answer is: $230,000

, Question 2
Correct

Mark 1.00 out of 1.00




Figure 4-5 shows the market for apartments in Springfield. Recently, the government imposed
ceiling of $1,000 per month. Refer to Figure 4-5. What is the value of producer surplus after th
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

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