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Author Question: Assuming that the rent ceiling is strictly enforced so that there is no black market, which of the ... (Read 23 times)

Awilson837

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on: May 24, 2019
Assuming that the rent ceiling is strictly enforced so that there is no black market, which of the following statements about a housing market with a rent ceiling set below the equilibrium rent is correct?
◦ The rent for housing equals the ceiling rent or higher.
◦ There is excess supply of housing.
◦ The rent ceiling increases the amount of producers' surplus.
◦ The rent ceiling creates a deadweight loss.
◦ The rent ceiling enforces efficiency upon the housing market.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by Awilson837 on May 24, 2019

stillxalice

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Reply #1 on: May 24, 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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Awilson837

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Reply 2 on: May 24, 2019
YES! Correct, THANKS for helping me on my review

kthug

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

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