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A Demand in the long run Rent (per month) B Demand in the short run Supply in the long run Market rent = $1,500- D

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A Demand in the long run Rent (per month) B Demand in the short run Supply in the long run Market rent = $1,500- D Supply in the Rent control = $1,000 short run E Long-run shortage 100 120 140 160 180 Quantity (one-bedroom apartments) F Short-run shortage

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