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Question 30

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Use the following to answer questions .
Exhibit: Rent Controls Use the following to answer questions . Exhibit: Rent Controls   -(Exhibit: Rent Controls)  If rent controls are set at Rent<sub>0</sub>: A)  the shortage of rental units is Q<sub>2</sub> to Q<sub>0</sub>. B)  some renters would be willing to pay a price as high as Rent<sub>4</sub> for Q<sub>0</sub> units. C)  no one would have to pay a higher actual price than Rent<sub>0</sub> nor would anyone be willing to do so. D)  there would be a shortage of rental units, but it is impossible to tell how large the shortage is based on the information provided.
-(Exhibit: Rent Controls) If rent controls are set at Rent0:


A) the shortage of rental units is Q2 to Q0.
B) some renters would be willing to pay a price as high as Rent4 for Q0 units.
C) no one would have to pay a higher actual price than Rent0 nor would anyone be willing to do so.
D) there would be a shortage of rental units, but it is impossible to tell how large the shortage is based on the information provided.

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