The following equations describe the demand and supply of the rental housing market in City A. Demand: P = 500 - 5Q Supply: P = 100 35Q How many of the following events would happen if the government decides to set a price ceiling at $310? [ Answer ] (I) The rent price will increase. (II) The demand for rental housing will increase. (III) The supply for rental housing will decrease in the short run. (IV) The quantity demanded for housing will fall. (V) The consumer surplus will decrease