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1. Which of the following is a normative statement? a. Housing costs are rising. b. A binding rent ceiling restricts the quantity of rental housing

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1. Which of the following is a normative statement? a. Housing costs are rising. b. A binding rent ceiling restricts the quantity of rental housing supplied. c. Low rents are good because they make apartments more affordable. d. Interactions among renters and landlords establish the market rental rate in the absence of any restrictions on rent

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