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8 A binding price ceiling on apartments (effective rent control) will O increase the quantity supplied of rental housing. 2 O decrease the quantity demanded
8 A binding price ceiling on apartments (effective rent control) will O increase the quantity supplied of rental housing. 2 O decrease the quantity demanded of rental housing. points O cause the quantity supplied to exceed the quantity demanded by renters. O cause the quantity demanded to exceed the quantity supplied of rental housing. eBook ReferencesReferences The demand and supply schedules for a dozen donuts are shown below. Market for Donuts Quantity of Quantity of LN Donuts Price = = {1 R (dollars) (dozens) (dozens) a. Plot the demand and supply curves using the information provided in the table above. Instructions: Use the tools provided "D" and "S" to plot each line point by point (6 points total for each). Market for Donuts 18 Tools 16 / s D s 14 a2 @ s 12 =2 8 10 @ 8 6 4 100 200 300 400 500 600 o Quantity (dozens) b. What are the equilibrium price and quantity per dozen of donuts in the market for donuts? P=s Q= dozen donuts
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