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Exhibit 4-8 in a Rental Market Like the One

Question 213

Multiple Choice

Exhibit 4-8 Exhibit 4-8 In a rental market like the one in Exhibit 4-8, a government-imposed rule that rent cannot exceed $750 per month would be called a A) surplus of supply B) quantity demanded C) price ceiling D) price floor E) market equilibrium In a rental market like the one in Exhibit 4-8, a government-imposed rule that rent cannot exceed $750 per month would be called a


A) surplus of supply
B) quantity demanded
C) price ceiling
D) price floor
E) market equilibrium

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