The figure above shows the housing market in the city of Appleville. A rent ceiling of 650 per month is imposed. With the rent ceiling, what is the maximum black market rent in Appleville?
A) 650 per month
B) 700 per month
C) 750 per month
D) 800 per month
Question 2
The table below shows data regarding Germany's labor market.
Year Labor Force
(millions) Number of Employed
(millions) Population
(millions)
2006 43.7 39.01 82.3
2007 43.7 39.06 82.2
2008 43.6 39.8 82.1
The data show that Germany's unemployment rate between 2007 and 2008
A) increased.
B) decreased
C) stayed the same.
D) cannot be determined because the population decreased.
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