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Use the Figure Below to Answer the Following Questions

Question 120

Multiple Choice

Use the figure below to answer the following questions. Use the figure below to answer the following questions.   Figure 6.1.1 -Refer to Figure 6.1.1.If the demand for rental housing increases and the demand curve shifts rightward from D<sub>0</sub> to D<sub>1</sub>,and there is a strictly enforced rent ceiling of $150 per room, A) the number of rooms rented will increase to 2,000. B) the number of rooms rented is 1,500. C) there is a housing surplus of 500 rooms. D) the number of rooms rented decreases to 1,000. E) the rent is $175 per room. Figure 6.1.1
-Refer to Figure 6.1.1.If the demand for rental housing increases and the demand curve shifts rightward from D0 to D1,and there is a strictly enforced rent ceiling of $150 per room,


A) the number of rooms rented will increase to 2,000.
B) the number of rooms rented is 1,500.
C) there is a housing surplus of 500 rooms.
D) the number of rooms rented decreases to 1,000.
E) the rent is $175 per room.

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