(Figure: Rent Controls) Look at the figure Rent Controls.If rent controls are set at Rent1:
A.the shortage of rental units is the distance Q₃ - Q₁.
B.some renters would be willing to pay a price as high as Rent4 for Q₁ units.
C.no one would have to pay a higher actual price than Rent0, nor would anyone be willing to do so.
D.there would be a surplus of rental units, but it is impossible to tell how large the surplus is based on the information provided.

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The Answer of (Figure: Rent Controls) Look at the figure Rent Controls.If rent controls are set at Rent1:
A.the shortage of rental units is the distance Q₃ - Q₁.
B.some renters would be willing to pay a price as high as Rent4 for Q₁ units.
C.no one would have to pay a higher actual price than Rent0, nor would anyone be willing to do so.
D.there would be a surplus of rental units, but it is impossible to tell how large the surplus is based on the information provided.

(Figure: Rent Controls) Look at the Figure Rent Controls