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Use the Figure Below to Answer the Following Questions

Question 31

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.Suppose the demand for rental housing is shown by demand curve D<sub>1</sub>,and there is a rent ceiling of $150 per room.What is the highest rent that would be charged in a black market? A) $150 a month B) $175 a month C) $200 a month D) $100 a month E) cannot be determined from the graph,but it is greater than $200 Figure 6.1.1
-Refer to Figure 6.1.1.Suppose the demand for rental housing is shown by demand curve D1,and there is a rent ceiling of $150 per room.What is the highest rent that would be charged in a black market?


A) $150 a month
B) $175 a month
C) $200 a month
D) $100 a month
E) cannot be determined from the graph,but it is greater than $200

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