Use the Following to Answer Questions

Multiple Choice

Use the following to answer questions:
Figure: Rent Controls
-(Figure: Rent Controls) Look at the figure Rent Controls. If rent controls are set at Rent₀, renters would be willing to pay a price at least as high as:

A) Rent₄ for Q₀ units.
B) Rent₄ for Q₁ units.
C) Rent₃ for Q₁ units.
D) No one would be willing to pay a higher actual price than Rent₀.