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Use the Figure Below to Answer the Following Questions

Question 106

Multiple Choice

Use the figure below to answer the following questions.
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.
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.

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