Figure 4-3
Figure 4-3 indicates the demand ( D ) and supply ( S ) for the rental housing market in a large city. If the government imposed a price ceiling of a , which of the following would be true?
A) The quantity of rental housing demanded would be t .
B) The quantity of rental housing supplied would be r .
C) There would be a shortage of rental housing.
D) All of the above are true.

Question

Figure 4-3 
Figure 4-3 indicates the demand ( D ) and supply ( S ) for the rental housing market in a large city. If the government imposed a price ceiling of a , which of the following would be true?
A) The quantity of rental housing demanded would be t . 
B) The quantity of rental housing supplied would be r . 
C) There would be a shortage of rental housing. 
D) All of the above are true.

Quizplus · Accepted Answer

The Answer of Figure 4-3 
Figure 4-3 indicates the demand ( D ) and supply ( S ) for the rental housing market in a large city. If the government imposed a price ceiling of a , which of the following would be true?
A) The quantity of rental housing demanded would be t . 
B) The quantity of rental housing supplied would be r . 
C) There would be a shortage of rental housing. 
D) All of the above are true.

Figure 4-3 Figure 4-3 Indicates the Demand ( D ) and Supply