-Refer to the above graph,which shows the supply and demand for rental housing in a city.If over time the supply curve shifts to S₂ because landlords abandon rental units,but rent controls remain,the quantity demanded for housing would be at point:

Question

-Refer to the above graph,which shows the supply and demand for rental housing in a city.If over time the supply curve shifts to S<sub>2</sub> because landlords abandon rental units,but rent controls remain,the quantity demanded for housing would be at point: A) d and the quantity supplied at point a. B) g and the quantity supplied at point b. C) f and the quantity supplied at point d. D) g and the quantity supplied at point a.

Quizplus · Accepted Answer

With rent controls, the price is fixed, so the quantity demanded remains at point g, but the supply decreases to point a due to the shift to S2.

-Refer to the Above Graph,which Shows the Supply and Demand