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Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498 Exercise 19
New York City has a long-standing policy of controlling rents in certain parts of the city-in essence, a price ceiling on rent. Is the market for apartments likely to be efficient or inefficient? What does this imply for the size of total surplus?
Explanation
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Price ceiling:
Price ceiling refers to ...
Economics 1st Edition by Dean Karlan,Jonathan Morduch
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