Multiple Choice
If an effective rent ceiling is implemented, what would happen in the market for apartment rentals?
A) The demand curve would not shift, resulting in a shortage of accommodations.
B) The demand curve would shift to the left, leading to a decrease in price.
C) The demand curve would not shift, resulting in a surplus of accommodations.
D) The demand curve would shift to the right, leading to an increase in price.
Correct Answer:
Verified
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