Multiple Choice
The Following Questions Refer to the graph below. 
-If the supply and demand for rental housing are DD and SS,what effect will a rent control law that sets the maximum allowable rent at $800 have on the market? It will lead to
A) A surplus of 5 thousand units
B) A shortage of 5 thousand units
C) A surplus of 10 thousand units
D) A shortage of 10 thousand units
E) No change in equilibrium rent or quantity
Correct Answer:
Verified
Correct Answer:
Verified
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