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Use the Figure Below to Answer the Following Questions

Question 3

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.Suppose the demand for rental housing is shown by demand curve D<sub>1</sub>,and there is a rent ceiling of $150 per room.What is the potential loss from housing search? A) $300,000 B) $225,000 C) $50 D) $75,000 E) $0 Figure 6.1.1
-Refer to Figure 6.1.1.Suppose the demand for rental housing is shown by demand curve D1,and there is a rent ceiling of $150 per room.What is the potential loss from housing search?


A) $300,000
B) $225,000
C) $50
D) $75,000
E) $0

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