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The recession in the US. from 2008 to 2009 caused a shift in the housing industry. Before the recession, homeownership dominated. However, during and after the recession, apartment rentals dominated as more individuals were shut out of homeownership. As a result, apartment rents increased (and have continued to increase up to today). Suppose that the 'government decides to regulate the apartment market by enacting a temporary price ceiling on rents. Which of the answer choices best describes the quantity of rent-controlled apartments demanded (1) before the price ceiling is imposed, (2) just after the price ceiling is imposed, and (3) after the removal of the price ceiling? (1): 300,000; (2): 375,000; (3): 400,000 0 (1): 400,000; (2): 300,000; (3): 200,000 0 (1): 500,000; (2): 650,000; (3): 575,000 C) (1): 600,000; (2): 525,000; (3): 450,000