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-In the Above Figure, a Rent Ceiling of $500 Per

Question 70

Multiple Choice

  -In the above figure, a rent ceiling of $500 per month would A)  not affect the equilibrium quantity. B)  create a shortage. C)  raise the rent and cause a surplus. D)  reduce the rent and create a surplus.
-In the above figure, a rent ceiling of $500 per month would


A) not affect the equilibrium quantity.
B) create a shortage.
C) raise the rent and cause a surplus.
D) reduce the rent and create a surplus.

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