Multiple Choice
Use the following to answer questions .
Exhibit: Rent Controls
-(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.
Correct Answer:

Verified
Correct Answer:
Verified
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