The Figure Above Shows the Supply and Demand Curves in the Market

question 9

Multiple Choice

The figure above shows the supply and demand curves in the market for rental housing. A rent ceiling is set at $400 per month.
-In the figure above,with the rent ceiling

• A) there is a shortage of 3,000 units.
• B) there is a surplus of 3,000 units.
• C) there is a surplus of 2,000 units.
• D) there is a shortage of 1,000 units.
• E) the market is in equilibrium.

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Definitions:

Sodium Salts

Compounds formed by the replacement of the hydrogen ion in an acid by a sodium ion.

Adrenal Gland

Endocrine glands located above the kidneys that produce hormones such as adrenaline and cortisol, which regulate the body's stress response and other vital functions.

Strong Craving

An intense desire or urge for a specific substance, activity, or experience, often associated with addiction or habit formation.

Adrenal Glands

Small glands located on top of each kidney; they produce hormones such as adrenaline and cortisol which help manage stress and other bodily functions.