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.
Correct Answer:
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