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 $300 is imposed in the apartment market,then
A) there is a shortage of 40 apartments.
B) there is a surplus of 40 apartments.
C) the supply of apartments will increase.
D) the supply of apartments will decrease.
E) the quantity of apartments supplied is 60 units.
Correct Answer:

Verified
Correct Answer:
Verified
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