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-The Above Table Gives the Demand Schedule and the Supply

Question 32

Multiple Choice

  -The above table gives the demand schedule and the supply schedule for housing in Anytown, U.S.A. If a rent ceiling of $600 was imposed in the housing market, then A)  there would be a surplus of apartments. B)  there would be a shortage of apartments. C)  the market would reach equilibrium at the quantity of 60 housing units. D)  the supply of housing would increase.
-The above table gives the demand schedule and the supply schedule for housing in Anytown, U.S.A. If a rent ceiling of $600 was imposed in the housing market, then


A) there would be a surplus of apartments.
B) there would be a shortage of apartments.
C) the market would reach equilibrium at the quantity of 60 housing units.
D) the supply of housing would increase.

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