Limited access

Upgrade to access all content for this subject

If the government passed an ordinance establishing a maximum rent of $315 in the market represented in the above graph, there would be

A

a surplus of 400 rental units.

B

a shortage of 400 rental units.

C

a surplus of 900 rental units.

D

a shortage of 900 rental units.

E

a shortage of 500 rental units.

Select an assignment template