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Author Question: Suppose the city of Chicago imposes a rent ceiling that fixes rents at $400 below the equilibrium ... (Read 50 times)

krzymel

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Suppose the city of Chicago imposes a rent ceiling that fixes rents at $400 below the equilibrium rent. With this plan
◦ the quantity of apartments demanded will increase.
◦ the quantity of apartments supplied will increase.
◦ young people and poor people will have an easier time finding apartments.
◦ the deadweight loss in Chicago's apartment market will be eliminated.
◦ there will be a surplus of apartments offered for rent.


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Marked as best answer by krzymel on May 24, 2019

Sierray

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krzymel

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Reply 2 on: May 24, 2019
Excellent


sarah_brady415

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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