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 $600 is imposed in the apartment market,then
A) there is a shortage of 80 apartments.
B) there is a surplus of 80 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
Q80: Suppose the government introduces a ceiling on
Q81: The time spent looking for someone with
Q82: Governments tend to tax items with inelastic
Q83: A subsidy is a<br>A)tax imposed by the
Q84: A production quota is set below the
Q86: Use the table below to answer the
Q87: Use the figure below to answer the
Q88: Use the table below to answer the
Q89: When a minimum wage is set above
Q90: The government sets a price floor for