Use the Following to Answer Question

question 165

Multiple Choice

Use the following to answer question:
-(Figure: Rent Controls) Use Figure: Rent Controls.If rent controls are set at Rent₃:

• A)the shortage of rental units is the distance Q₃ - Q₁.
• B)some renters will be willing to pay a price as high as Rent₄ for Q₃ units.
• C)no one will have to pay a higher actual price than Rent₀,nor will anyone be willing to do so.
• D)rent will remain at Rent₂.

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