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The Diagram Below Shows the Market for Apartments in a City

Question 66

Multiple Choice

The diagram below shows the market for apartments in a city. Assume that all apartments are identical. The diagram below shows the market for apartments in a city. Assume that all apartments are identical. FIGURE 5- 4 -Refer to Figure 5- 4. Suppose the government imposes a rent- controlled price of $600 per month on apartments in this city. In the long run we can expect the shortage of apartments to be _ units. A) 300 B) 800 C) 1000 D) 0 E) 200 FIGURE 5- 4
-Refer to Figure 5- 4. Suppose the government imposes a rent- controlled price of $600 per month on apartments in this city. In the long run we can expect the shortage of apartments to be _ units.


A) 300
B) 800
C) 1000
D) 0
E) 200

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