-The above table gives the demand schedule and the supply schedule for housing in Anytown, U.S.A. If a rent ceiling of $300 is imposed in the housing market, then

Name: -The above table gives the demand schedule and the supply schedule for housing in Anytown, U.S.A. If a rent ceiling of $300 is imposed in the housing market, then
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A rent ceiling of $300, if below the equilibrium rent, would lead to a shortage because the quantity demanded would exceed the quantity supplied at that price.

-The Above Table Gives the Demand Schedule and the Supply