Use the table below to answer the following questions.
Table 6.1.1

-Refer to Table 6.1.1,which gives the demand schedule and the supply schedule for the apartment market in Anytown,Alberta.If a rent ceiling of $600 is imposed in the apartment market,then
A)there is a shortage of 80 apartments.
B)there is a surplus of 80 apartments.
C)the supply of apartments will increase.
D)the supply of apartments will decrease.
E)the quantity of apartments supplied is 60 units.

Question

Use the table below to answer the following questions.
Table 6.1.1
 
-Refer to Table 6.1.1,which gives the demand schedule and the supply schedule for the apartment market in Anytown,Alberta.If a rent ceiling of $600 is imposed in the apartment market,then
A)there is a shortage of 80 apartments. 
B)there is a surplus of 80 apartments. 
C)the supply of apartments will increase. 
D)the supply of apartments will decrease. 
E)the quantity of apartments supplied is 60 units.

Quizplus · Accepted Answer

The Answer of Use the table below to answer the following questions.
Table 6.1.1
 
-Refer to Table 6.1.1,which gives the demand schedule and the supply schedule for the apartment market in Anytown,Alberta.If a rent ceiling of $600 is imposed in the apartment market,then
A)there is a shortage of 80 apartments. 
B)there is a surplus of 80 apartments. 
C)the supply of apartments will increase. 
D)the supply of apartments will decrease. 
E)the quantity of apartments supplied is 60 units.

Use the Table Below to Answer the Following Questions