-The Above Table Gives the Demand Schedule and the Supply

question 408

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 $300 is 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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