Use the table to answer the question.

Price ($) Quantity Demand(thousands) Quantity Supplied (thousands)

1,000 600 300 1,500 500 500 2,000 400 700

2,500 300 900

The table gives the supply and demand schedules in amarket for apartments. A government price control is implemented that results in a shortage of 300,000 apartments. Which price control must have been used?

(1 point)

• a price floor of$1,000
• a price floor of$2,000
• a price ceiling of$2,000
• a price ceiling of$1,000