Use the following to answer questions: Figure: Rent Controls -(Figure: Rent Controls) Look at the figure Rent Controls. If rent controls are set at Rent₃: A) the shortage of rental units is the distance Q₃ - Q₁. B) some renters will be willing to pay a price as high as Rent₄ for Q₃ units. C) no one will have to pay a higher actual price than Rent₀, nor will anyone be willing to do so. D) rent will remain at Rent₂.

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The Answer of Use the following to answer questions: Figure: Rent Controls -(Figure: Rent Controls) Look at the figure Rent Controls. If rent controls are set at Rent₃: A) the shortage of rental units is the distance Q₃ - Q₁. B) some renters will be willing to pay a price as high as Rent₄ for Q₃ units. C) no one will have to pay a higher actual price than Rent₀, nor will anyone be willing to do so. D) rent will remain at Rent₂.

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