(Table: Market for Apartments in San Francisco) Use Table: Market for Apartments in San Francisco. If a government price ceiling of $1,600 is imposed in this market, the result will be inefficiency in the form of an _____ million apartments.
A)surplus of 0.6
B)surplus of 0.8
C)shortage of 0.8
D)shortage of 0.6

Question

(Table: Market for Apartments in San Francisco) Use Table: Market for Apartments in San Francisco. If a government price ceiling of $1,600 is imposed in this market, the result will be inefficiency in the form of an _____ million apartments. 
A)surplus of 0.6 
B)surplus of 0.8 
C)shortage of 0.8 
D)shortage of 0.6

Quizplus · Accepted Answer

The Answer of (Table: Market for Apartments in San Francisco) Use Table: Market for Apartments in San Francisco. If a government price ceiling of $1,600 is imposed in this market, the result will be inefficiency in the form of an _____ million apartments. 
A)surplus of 0.6 
B)surplus of 0.8 
C)shortage of 0.8 
D)shortage of 0.6