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Figure 4-5 Figure 4-5 Shows the Market for Apartments in Springfield. Recently

Question 157

Multiple Choice

Figure 4-5
Figure 4-5     Figure 4-5 shows the market for apartments in Springfield. Recently, the government imposed a rent ceiling of $1,000 per month. -Refer to Figure 4-5.Suppose that instead of a rent ceiling, the government imposed a price floor of $2,000 per month for apartments.What is the quantity of apartments demanded at the new price? A) 0 B) 200 C) 300 D) 500
Figure 4-5 shows the market for apartments in Springfield. Recently, the government imposed a rent ceiling of $1,000 per month.
-Refer to Figure 4-5.Suppose that instead of a rent ceiling, the government imposed a price floor of $2,000 per month for apartments.What is the quantity of apartments demanded at the new price?


A) 0
B) 200
C) 300
D) 500

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