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Author Question: Figure 4-5 shows the market for apartments in Bay City. Recently, the government imposed ... (Read 214 times)

RODY.ELKHALIL

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on: Mar 15, 2019

Figure 4-5







Figure 4-5 shows the market for apartments in Bay City. Recently, the government imposed a rent ceiling at R
0. 






Refer to Figure 4-5.  With rent control, the quantity supplied is 
Q
1. Suppose apartment owners ignore the law and rent this quantity for the highest rent they can get. What is the highest rent they can get?


◦ R*
◦ R
1
◦ R
0
◦ more than 
R
1
« Last Edit: Mar 15, 2019 by Celeste »
Macroeconomics ¦ Hubbard, O'Brien ¦ 6th Edition
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Marked as best answer by RODY.ELKHALIL on Mar 15, 2019

yuyiding

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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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RODY.ELKHALIL

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Reply 2 on: Mar 15, 2019
Excellent

DylanD1323

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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