Use the Table Below to Answer the Following Questions

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) the maximum amount someone is willing to pay for an apartment in the black market is $500.
B) there is a surplus of 40 apartments.
C) the supply of apartments will increase.
D) the demand for apartments will decrease.
E) the quantity of apartments supplied is 60 units.