Use the figure below to answer the following questions.

Figure 6.1.1
-Refer to Figure 6.1.1. Suppose the demand for rental housing is shown by demand curve D₁, and there is a rent ceiling of $150 per room. What is the highest amount that would be expended on search activity?
A)$200
B)$150
C)$100
D)$50
E)$0

Question

Use the figure below to answer the following questions.
  
Figure 6.1.1
-Refer to Figure 6.1.1. Suppose the demand for rental housing is shown by demand curve D₁, and there is a rent ceiling of $150 per room. What is the highest amount that would be expended on search activity?
A)$200 
B)$150 
C)$100 
D)$50 
E)$0

Quizplus · Accepted Answer

The Answer is D

Use the Figure Below to Answer the Following Questions