Use the figure below to answer the following questions.

Figure 6.1.1
-Refer to Figure 6.1.1.If the demand for rental housing increases and the demand curve shifts rightward from D? to D?,and there is a strictly enforced rent ceiling of $150 per room,

Question

Use the figure below to answer the following questions.
  
Figure 6.1.1
-Refer to Figure 6.1.1.If the demand for rental housing increases and the demand curve shifts rightward from D? to D?,and there is a strictly enforced rent ceiling of $150 per room,

Quizplus · Accepted Answer

When the demand curve shifts rightward from D? to D?, the quantity of rental housing demanded at the price ceiling of $150 per room increases from 1,500 to 2,000. However, since the price ceiling prevents prices from rising to clear the market, a housing shortage of 500 rooms will occur (1,500 rooms supplied - 2,000 rooms demanded). Therefore, both option B and C are correct.

Use the Figure Below to Answer the Following Questions