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Microeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-1260566642Microeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-1260566642 Exercise 2
Suppose there has been a long-standing price ceiling on housing in your city. Recently, population has declined, and demand for housing has decreased. What will the decrease in demand do to the efficiency of the price ceiling?
Explanation
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Price ceiling:
Price ceiling refers to ...
Microeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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