QUESTION 15 $800 $700 5600 $500 Price Ceiling $300 $200 0 10 20 30 40 50 60 70 80 90 2 Apartment Units (in Thousands) In the market for housing, the local government imposes a price even lower than the ceiling price illustrated in the graph to $300.00 on apartment unit rentals. At the $300.00 price ceiling, what happens to each of the following questions below? Quantity Demanded Quantity Supplied O Quantity Demanded = 40,000 Quantity Supplied = 20,000 Leaving a shortage of 40,000 units O Quantity Demanded = 60,000 Quantity Supplied = 20,000 Leaving a shortage of 40,000 units O Quantity Demanded = 20,000 Quantity Supplied = 60,000 Leaving a surplus of 40,000 units O Quantity Demanded = 10,000 Quantity Supplied = 70,000 Leaving a surplus of 60,000 units