(Table: Market for Apartments in San Francisco) Use Table: Market for Apartments in San Francisco. If a price ceiling of $1,700 is imposed in this market, the result will be inefficiency in the form of an _____ million apartments.
A)surplus of 0.6
B)shortage of 0.6
C)surplus of 0.2
D)shortage of 0.2

Question

(Table: Market for Apartments in San Francisco) Use Table: Market for Apartments in San Francisco. If a price ceiling of $1,700 is imposed in this market, the result will be inefficiency in the form of an _____ million apartments. 
A)surplus of 0.6 
B)shortage of 0.6 
C)surplus of 0.2 
D)shortage of 0.2

Quizplus · Accepted Answer

The Answer of (Table: Market for Apartments in San Francisco) Use Table: Market for Apartments in San Francisco. If a price ceiling of $1,700 is imposed in this market, the result will be inefficiency in the form of an _____ million apartments. 
A)surplus of 0.6 
B)shortage of 0.6 
C)surplus of 0.2 
D)shortage of 0.2