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Author Question: The graph shows the market for rental housing in Little Rock. The market for apartments is efficient when (Read 1313 times)

go.lag

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The graph shows the market for rental housing in Little Rock. The market for apartments is efficient when
◦ the quantity of apartments demanded is 12,000 a month.
◦ the rent ceiling is set at $300 a month.
◦ there is no rent ceiling.
◦ the quantity of apartments supplied is 6,000 a month.
◦ the rent charged is less than $450.


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Marked as best answer by go.lag on May 24, 2019

chevyboi1976

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