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-The Figure Above Shows the Demand for and Supply of Rental

Question 160

Multiple Choice

-The figure above shows the demand for and supply of rental housing in Smallton. If a rent ceiling is set at $400, there is A) a shortage of 4,000 units of rental housing. B) a shortage of 2,000 units of rental housing. C) a surplus of 3,000 units of rental housing. D) neither a shortage nor a surplus of rental housing.
-The figure above shows the demand for and supply of rental housing in Smallton. If a rent ceiling is set at $400, there is


A) a shortage of 4,000 units of rental housing.
B) a shortage of 2,000 units of rental housing.
C) a surplus of 3,000 units of rental housing.
D) neither a shortage nor a surplus of rental housing.

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