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-The Figure Above Shows the Demand for and Supply of Rental

Question 18

Multiple Choice

  -The figure above shows the demand for and supply of rental housing in Steppeville. If a rent ceiling is set at $900, the marginal benefit from renting an apartment unit is ________ and the quantity of apartments supplied is ________. A)  $900; 1,000 B)  $900; 400 C)  $800; 400 D)  $800; 800
-The figure above shows the demand for and supply of rental housing in Steppeville. If a rent ceiling is set at $900, the marginal benefit from renting an apartment unit is ________ and the quantity of apartments supplied is ________.


A) $900; 1,000
B) $900; 400
C) $800; 400
D) $800; 800

Correct Answer:

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