Question
A residential building in New York City contains 15 luxury-appointed lofts in a highly desirable location. How do rent ceilings affect the property owner (supply)
A residential building in New York City contains 15 luxury-appointed lofts in a highly desirable location. How do "rent ceilings" affect the property owner (supply) and potential tenants (demand)? Which has the greater effect on the overall economy? Why?
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Microeconomics Theory and Applications with Calculus
Authors: Jeffrey M. Perloff
3rd edition
133019934, 978-0133019933
