Multiple Choice
Use the figure below to answer the following questions.
Figure 6.1.1
-Refer to Figure 6.1.1. If the demand for rental housing increases and the demand curve shifts rightward from D₀ to D₁, and the market is unregulated, the number of rooms rented is
A) 1,500, and the rent rises to $200 a month.
B) 2,000, and the rent is at its initial level.
C) 1,750, and the rent rises to $175 a month.
D) 2,000, and the rent rises to $200 a month.
E) 1,750, and the rent rises to $200 a month.
Correct Answer:

Verified
Correct Answer:
Verified
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