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-The Figure Above Shows the Market for Rental Units in Gladstone

Question 55

Multiple Choice

-The figure above shows the market for rental units in Gladstone. The market is in equilibrium. The government now introduces a rent ceiling of $500 a month. The price of a rental unit _______ and the number of units rented _______. A) remains the same; remains the same B) increases by $500 per month; decreases C) increases by $100 per month; increases D) decreases by $100 per month; decreases
-The figure above shows the market for rental units in Gladstone. The market is in equilibrium. The government now introduces a rent ceiling of $500 a month. The price of a rental unit _______ and the number of units rented _______.


A) remains the same; remains the same
B) increases by $500 per month; decreases
C) increases by $100 per month; increases
D) decreases by $100 per month; decreases

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