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 Rent₃:

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