Question

40 Points please help
Based on the graph, what is the excess demand for apartments in this economy after the application of rent control?

A. 8
B. 15
C. 19
D. 23
E. 34

Answer 1

Calculate excess demand by subtracting quantity supplied from quantity demanded. In this case, it would be 15 and 34 respectively, therefore 34 - 15, and your answer is C, 19.

Answer 2

C.... 19 is the answer