The graph shows the demand for on-campus student housing at UCLA in Los Angeles. The university has 6,000 rooms for Rent (dollars per week) rent. 175 S If a black market develops as a result of a rent ceiling set at $125 a week, what would be the range of the rents actually paid? 150- 125- If a black market develops as a result of a rent ceiling set at $125 a week, the rents actually paid will range from a low of $ a week to a high of $ a week. 100- If a black market operates in this market, then the market is efficient. 75- O A. True D 50- O B. False A black market operating in the student housing market is fair. 25- 4500 6000 7500 9000 10500 12000 O A. True Quantity (rooms) O B. FalseThe table shows the market for house paintersin New Mexico. Quantity Quantity If New Mexico introduces a minimum wage of $12.50 an hour, how many house painters are employed and how many are Wage rate demanded supplied Unemployed? (dollars per hour) (house painters) 12.50 300 150 13.75 250 175 15.00 200 200 If New Mexico introduces a minimum wage of $12.50 an hour, house painters are employed and house painters 16.25 150 225 are unemployed. 17.50 100 250 18.75 50 275