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-The Above Figure Shows the Market for 2 Bedroom Town

Question 56

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,what is true? A) The quantity of town homes demanded decreases to 100,000. B) Black market rents might be as high as $1,300 per month. C) The quantity of town homes supplied increases to 250,000. D) More town homes are rented after the rent ceiling that before. E) The quantity demanded of town homes is less than the quantity supplied.
-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,what is true?


A) The quantity of town homes demanded decreases to 100,000.
B) Black market rents might be as high as $1,300 per month.
C) The quantity of town homes supplied increases to 250,000.
D) More town homes are rented after the rent ceiling that before.
E) The quantity demanded of town homes is less than the quantity supplied.

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