2 The figure below shows the demand for and supply of rental housing in Township:

a What is the equilibrium rent and equilibrium quantity of rented housing? If a rent ceiling is set at a300 a month, what is: b The quantity of housing rented? c The shortage of housing? d The maximum price that someone is willing to pay for the last unit available?

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Rent (euros per month) 600 450 300 150 0 10 20 30 40 D Quantity (thousands)