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Question 107

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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 government price ceiling of $600 is imposed on this market, the result will be an inefficiency in the form of a _____ million apartments. A) surplus of 0.6 B) surplus of 0.8 C) shortage of 0.8 D) shortage of 0.6
-(Table: Market for Apartments) Look at the table Market for Apartments. If a government price ceiling of $600 is imposed on this market, the result will be an inefficiency in the form of a _____ million apartments.


A) surplus of 0.6
B) surplus of 0.8
C) shortage of 0.8
D) shortage of 0.6

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