Use the Table Below to Answer the Following Questions

question 85

Multiple Choice

Use the table below to answer the following questions.
Table 6.1.1

-Refer to Table 6.1.1,which gives the demand schedule and the supply schedule for the apartment market in Anytown,Alberta.If a rent ceiling of $600 is imposed in the apartment market,then

• A)there is a shortage of 80 apartments.
• B)there is a surplus of 80 apartments.
• C)the supply of apartments will increase.
• D)the supply of apartments will decrease.
• E)the quantity of apartments supplied is 60 units.

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