K The table shows the demand and supply schedules for on-campus housing. If the college puts a rent ceiling on rooms of $700 a month, rent is $ and the number of rooms rented is The on-campus housing market is inefficient inefficient efficient G Rent (dollars per month) 500 550 600 650 700 750 Quantity demanded 7,500 6,750 6,000 5,250 4,500 3,750 (rooms) Quantity supplied 5,250 5,250 5,250 5,250 5,250 5,250 Next ES see see see see 5 US pas see s

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