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-In the Figure Above, the Demand Curve Shifts Rightward from D0

Question 140

Multiple Choice

-In the figure above, the demand curve shifts rightward from D<sub>0</sub> to D<sub>1</sub> so that D<sub>1</sub> is the relevant demand curve. Suppose the government imposes a rent ceiling of $300 per month. In the short run there will be A) a shortage and an increase in search costs. B) a shortage and a decrease in search costs. C) a surplus and an increase in search costs. D) a surplus and a decrease in search costs.
-In the figure above, the demand curve shifts rightward from D0 to D1 so that D1 is the relevant demand curve. Suppose the government imposes a rent ceiling of $300 per month. In the short run there will be


A) a shortage and an increase in search costs.
B) a shortage and a decrease in search costs.
C) a surplus and an increase in search costs.
D) a surplus and a decrease in search costs.

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