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Author Question: Using a supply and demand graph, illustrate the market for rent-controlled apartments with the ... (Read 158 times)

rmenurse

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on: Mar 15, 2019

Using a supply and demand graph, illustrate the market for rent-controlled apartments with the following data:








What is the value of the initial shortage of apartments with rent control?



Now assume rent control leads to a reduction in the supply of apartments, and the new quantity supplied is now 15,000. Illustrate this on your graph.



What is the value of the shortage of apartments following the decrease in supply?

Macroeconomics ¦ Hubbard, O'Brien ¦ 6th Edition
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Marked as best answer by rmenurse on Mar 15, 2019

fauacakatahaias

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Reply #1 on: Mar 15, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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rmenurse

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Reply 2 on: Mar 15, 2019
Excellent

kthug

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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