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Author Question: The figure above illustrates the current market for apartments in Washington, D.C. a. If the local ... (Read 393 times)

rlane42

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The figure above illustrates the current market for apartments in Washington, D.C.
a.   If the local government imposes a price ceiling of $1,500 per month, is there a shortage? If so, how much? If not, why not?
b.   If the local government imposes a price ceiling of $900 per month, is there a shortage? If so, how much? If not, why not?


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Marked as best answer by rlane42 on May 24, 2019

Chou

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