-The Above Table Gives the Demand Schedule and the Supply

question 95

Multiple Choice

-The above table gives the demand schedule and the supply schedule for housing in Anytown, U.S.A. If a rent ceiling of $600 was imposed in the housing market, then

• A) there would be a surplus of apartments.
• B) there would be a shortage of apartments.
• C) the market would reach equilibrium at the quantity of 60 housing units.
• D) the supply of housing would increase.

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Definitions:

Total Fertility Rate

The average number of children that would be born to a woman over her lifetime under current age-specific fertility rates.

Gender Inequality

The unequal treatment or perceptions of individuals based on their gender, manifesting in different areas such as employment, education, and societal roles.

Crude Death Rate

The number of deaths occurring in a given population, location, or period per 1,000 individuals.

Non-Urban Population

People living in areas outside of cities and towns, including rural and remote locations.