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The Government Imposes a Maximum Price on Apartments That Is

Question 69

Multiple Choice

The government imposes a maximum price on apartments that is below the equilibrium price. You accurately predict that


A) the law will have no economic impact.
B) the law will create a surplus of apartments.
C) renters will find that landlords start offering to furnish the apartments.
D) landlords are less likely to do routine maintenance work in the apartments.

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