Use the Figure Below to Answer the Following Questions

question 116

Multiple Choice

Use the figure below to answer the following questions.

Figure 6.1.1
-Consider the market for rental housing illustrated in Figure 6.1.1 when the demand curve is D₀. The equilibrium in an unregulated market is

• A)1,500 rooms rented at $150 a month.
• B)1,500 rooms rented at $200 a month.
• C)1,750 rooms rented at $175 a month.
• D)1,750 rooms rented at $200 a month.
• E)2,000 rooms rented at $150 a month.

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