Multiple Choice

-The above figure shows the market for 2 bedroom town homes in San Diego.If a rent ceiling is set at $1,000 per month then there is a
A) surplus equal to 150,000 town homes.
B) shortage equal to 100,000 town homes.
C) surplus equal to 100,000 town homes.
D) shortage equal to 150,000 town homes.
E) shortage equal to 250,000 town homes.
Correct Answer:
Verified
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