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Question 163

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Table: Market for Apartments Use the following to answer questions: Table: Market for Apartments -(Table: Market for Apartments) Look at the table Market for Apartments. If a price ceiling of $700 is imposed on this market, the result will be an inefficiency in the form of a _____ million apartments. A) surplus of 0.6 B) shortage of 0.6 C) surplus of 0.2 D) shortage of 0.2
-(Table: Market for Apartments) Look at the table Market for Apartments. If a price ceiling of $700 is imposed on this market, the result will be an inefficiency in the form of a _____ million apartments.


A) surplus of 0.6
B) shortage of 0.6
C) surplus of 0.2
D) shortage of 0.2

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