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Refer to the Following Graph

Question 61

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Refer to the following graph. Refer to the following graph.   In New York City, the rent on many apartments is set below market rates. As a result, many people find that the only way to obtain an apartment is to make illegal payments to landlords. If Pc is the controlled rent, a best estimate of such  key  money is shown as: A) Pf. B) Pe. C) Pe minus Pc. D) Pf minus Pc. In New York City, the rent on many apartments is set below market rates. As a result, many people find that the only way to obtain an apartment is to make illegal payments to landlords. If Pc is the controlled rent, a best estimate of such "key" money is shown as:


A) Pf.
B) Pe.
C) Pe minus Pc.
D) Pf minus Pc.

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