FIGURE 5-4
-Refer to Figure 5-4.Suppose the government sets a rent ceiling at $900.In this situation,the rental price for an apartment is
A)$600.
B)$900.
C)any rent above $900.
D)the same as the free-market equilibrium rental price.
E)any rent below $600.

Question

FIGURE 5-4
-Refer to Figure 5-4.Suppose the government sets a rent ceiling at $900.In this situation,the rental price for an apartment is
A)$600. 
B)$900. 
C)any rent above $900. 
D)the same as the free-market equilibrium rental price. 
E)any rent below $600.

Quizplus · Accepted Answer

The Answer of  FIGURE 5-4
-Refer to Figure 5-4.Suppose the government sets a rent ceiling at $900.In this situation,the rental price for an apartment is
A)$600. 
B)$900. 
C)any rent above $900. 
D)the same as the free-market equilibrium rental price. 
E)any rent below $600.

FIGURE 5-4 -Refer to Figure 5-4.Suppose the Government Sets a Rent Ceiling