Essay
Table: Market for Apartments
(Table: Market for Apartments) Look at the table Market for Apartments.If a government price ceiling of $900 is imposed on this market, an inefficiency will result in the form of a:
A.surplus of 0.6 million apartments.
B.shortage of 0.6 million apartments.
C.surplus of 0.2 million apartments.
D.shortage of 0.2 million apartments.
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