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 Rent₁:

A) rental apartments may be of inefficiently low quality.
B) there will be an efficient allocation of rentals.
C) some landlords may break the law by renting below the mandated price.
D) new apartments will be constructed.