(Figure: Rent Controls) Look Again at the Figure Rent Controls

question 14

Multiple Choice

(Figure: Rent Controls) Look again at the figure Rent Controls.If rent controls are set at Rent3:

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

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