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Use the Figure Below to Answer the Following Questions

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Use the figure below to answer the following questions.
Use the figure below to answer the following questions.     Figure 6.1.1 -Consider the market for rental housing illustrated in Figure 6.1.1 when the demand curve is D₀. The equilibrium in an unregulated market is A) 1,500 rooms rented at $150 a month. B) 1,500 rooms rented at $200 a month. C) 1,750 rooms rented at $175 a month. D) 1,750 rooms rented at $200 a month. E) 2,000 rooms rented at $150 a month.
Figure 6.1.1
-Consider the market for rental housing illustrated in Figure 6.1.1 when the demand curve is D₀. The equilibrium in an unregulated market is


A) 1,500 rooms rented at $150 a month.
B) 1,500 rooms rented at $200 a month.
C) 1,750 rooms rented at $175 a month.
D) 1,750 rooms rented at $200 a month.
E) 2,000 rooms rented at $150 a month.

Correct Answer:

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