-The Graph Shows the Market for Ski Chalets at Falls

question 16

Multiple Choice

-The graph shows the market for ski chalets at Falls Creek. The Falls Creek Tourist Board asks the local government to impose a rent ceiling on ski chalets. If the rent ceiling is set at $1,900 a week, then there is

• A) a shortage of 3,000 chalets a week.
• B) a surplus of 3,000 chalets a week.
• C) a shortage of 6,000 chalets a week.
• D) a surplus of 6,000 chalets a week.
• E) neither a shortage nor surplus of chalets.

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