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(a) Refer to the diagram in the right panel. What will happen if the government imposes a price ceiling below equilibrium price (e.g. at $180)?

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(a) Refer to the diagram in the right panel. What will happen if the government imposes a price ceiling below equilibrium price (e.g. at $180)? Price (b) Consider the housing rental S = MC market. If the government imposes a "maximum rent" below 220 market equilibrium rent on the F. housing market to help the poor, 200 - -+- are poor people really better off? 180 Explain. D = MB Q2 Q1 Quantity

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