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

Question 23

Multiple Choice

-The figure above shows the demand for and supply of rental housing in Steppeville. If a rent ceiling is set at $700, the quantity of apartment units rented is ________, and the efficient quantity of apartment units to rent is ________. A) 1,200; 600 B) 600; 600 C) 600; 800 D) 800; 800
-The figure above shows the demand for and supply of rental housing in Steppeville. If a rent ceiling is set at $700, the quantity of apartment units rented is ________, and the efficient quantity of apartment units to rent is ________.


A) 1,200; 600
B) 600; 600
C) 600; 800
D) 800; 800

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