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Use the Following to Answer Questions

Question 10

Multiple Choice

Use the following to answer questions .
Exhibit: Rent Controls Use the following to answer questions . Exhibit: Rent Controls -(Exhibit: Rent Controls) Without rent controls, the equilibrium rent is _______ and the equilibrium quantity is _______ . A) Rent<sub>2</sub>; Q<sub>1 </sub> B) Rent<sub>1</sub>; Q<sub>1 </sub> C) Rent<sub>2</sub>; Q<sub>2 </sub> D) Rent<sub>3</sub>; Q<sub>3 </sub>
-(Exhibit: Rent Controls) Without rent controls, the equilibrium rent is _______ and the equilibrium quantity is _______ .


A) Rent2; Q1
B) Rent1; Q1
C) Rent2; Q2
D) Rent3; Q3

Correct Answer:

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