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A rent ceiling on housing creates a problem of allocating the available housing units because 1) the demand for housing decreases and the demand curve
A rent ceiling on housing creates a problem of allocating the available housing units because
1)
the demand for housing decreases and the demand curve shifts leftward.
2)
a shortage of apartments occurs.
3)
the supply of housing increases and the supply curve shifts rightward.
4)
a surplus of apartments occurs.
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