Multiple Choice
As shown in the figure given below,when a government sets a rent ceiling at $750 per month,the result is a(n) :
A) equilibrium in the market for rented apartments.
B) increase in supply of rented apartments.
C) shortage of rented apartments.
D) economic profit for the owners of rented apartments.
E) decrease in demand for rented apartments.
Correct Answer:
Verified
Correct Answer:
Verified
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