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Author Question: The graph shows the market for apartments in San Francisco. Assume that P1=$0.50, P2=$4.50, ... (Read 182 times)

mimie

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on: Nov 23, 2022
The graph shows the market for apartments in San Francisco.
 

Assume that P1=$0.50, P2=$4.50, P3=$7.25, P4=$14.25, P5=$19.00, Q1=60, Q2=160, and Q3=235. What is the maximum price a landlord can legally charge for an apartment? How many apartments are rented at that price? At the rent control price, there is a ________ (shortage/surplus) equal to ________. What is the black market price of an apartment? How many apartments are rented at that price?
◦ $4.50, 60, shortage, 175, $14.25, 60
◦ $4.50, 60, surplus, 100, $7.25, 160
◦ $4.50, 60, surplus,175, $7.25, 160
◦ $4.50, 60, shortage, 100, $14.25, 60
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by mimie on Nov 23, 2022

Tussalpain

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Reply #1 on: Nov 23, 2022
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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mimie

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Reply 2 on: Nov 23, 2022
Excellent

LegendaryAnswers

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

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