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Author Question: FIGURE 5-4Refer to Figure 5-4. Suppose the government sets a rent ceiling at $900. In this ... (Read 111 times)

connormoss

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on: Oct 12, 2022

Question 1




FIGURE 5-4

Refer to Figure 5-4. Suppose the government imposes a rent-controlled price of $600 per month on apartments in this city. In the long run we can expect the shortage of apartments to be ________ units.


◦ 200
◦ 0
◦ 1000
◦ 300
◦ 800

Question 2




FIGURE 5-4

Refer to Figure 5-4. Suppose the government sets a rent ceiling at $900. In this situation, the rental price for an apartment is


◦ any rent above $900.
◦ $900.
◦ any rent below $600.
◦ $600.
◦ the same as the free-market equilibrium rental price.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by connormoss on Oct 12, 2022

khammond77

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Reply #1 on: Oct 12, 2022
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connormoss

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Reply 2 on: Oct 12, 2022
Wow, this really help

tandmlomax84

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

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