Housing Market with a Rent Ceiling (Study Plan 6.1) se the following graph of the market for rental housing Townsville to work Problems 1 and 2. 600 Rent (dollars per month) 450 300 150 D 0 10 20 30 40 Quantity (thousands) . a. What are the equilibrium rent and the quantity of housing rented? b. If a rent ceiling is set at $600 a month, what is the rent paid? What is the shortage of housing? 2. If the rent ceiling is $300 a month, what is the quantity rented, the shortage of housing, and the maximum price that someone is willing to pay for the last unit of housing available