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-The Above Figure Shows the Apartment Rental Market in Bigtown

Question 56

Multiple Choice

  -The above figure shows the apartment rental market in Bigtown. If there is a shortage of 200,000 apartments in the Bigtown rental market, it might be because the Bigtown Housing Authority has imposed a rent A)  ceiling of $750.00 monthly. B)  ceiling of $500.00 monthly. C)  floor of $750.00 monthly. D)  floor of $500.00 monthly.
-The above figure shows the apartment rental market in Bigtown. If there is a shortage of 200,000 apartments in the Bigtown rental market, it might be because the Bigtown Housing Authority has imposed a rent


A) ceiling of $750.00 monthly.
B) ceiling of $500.00 monthly.
C) floor of $750.00 monthly.
D) floor of $500.00 monthly.

Correct Answer:

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