(Figure: Rent Controls) Look Again at the Figure Rent Controls

Multiple Choice

(Figure: Rent Controls) Look again at the figure Rent Controls.If rent controls are set at Rent3:

A) the shortage of rental units is the distance Q₃ - Q₁.
B) some renters would be willing to pay a price as high as Rent4 for Q₃ units.
C) no one would have to pay a higher actual price than Rent0, nor would anyone be willing to do so.
D) rent would remain at Rent2.