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-The Figure Shows the Market for Rental Units in Gladstone

Question 43

Multiple Choice

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

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