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1 A city government passes a law setting the maximum price a landlord can charge for an apartment significantly above the market equilibrium. What impact
1 A city government passes a law setting the maximum price a landlord can charge for an apartment significantly above the market equilibrium. What impact will this have on the market for apartments? The law will lead to a shortage of apartments. The law will decrease rent for tenants without impacting the supply of apartments. The law will lead to a surplus of apartments, and landlords will try to attract tenants by improving apartment quality. The law will have no impact on the market for apartments...select any one correct ans from given option
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