
-The above table gives the demand schedule and the supply schedule for housing in Anytown, U.S.A. If a rent ceiling of $600 was imposed in the housing market, then
A) there would be a surplus of apartments.
B) there would be a shortage of apartments.
C) the market would reach equilibrium at the quantity of 60 housing units.
D) the supply of housing would increase.
Correct Answer:
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Q27: A rent ceiling results in a shortage
Q28: Q29: In some recent past years, prices of Q30: A rent ceiling results in a shortage. Q31: One common effect of rent ceilings in Q33: With rent controls, which of the following Q34: Which of the following is a result Q35: In some recent past years, prices of Q36: A rent ceiling creates a shortage. As Q37: In some recent past years, prices of![]()
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