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i need help Price III-III..- 0I02030405060700020 Apartment Units (in Thousands) In the market for housing, the local government imposes a price even lower than
i need help
Price \" III-III..- 0I02030405060700020 Apartment Units (in Thousands) In the market for housing, the local government imposes a price even lower than the ceiling price illustrated in the graph to $300.00 on apartment unit rentals. At the $300.00 price ceiling, what happens to each of the following questions below? Quantity Demanded ? Quantity Supplied ? 0 Quantity Demanded = 40,000 Quantity Supplied = 20,000 Leaving a shortage of 40,000 units 0 Quantity Demanded = 60,000 Quantity Supplied = 20,000 Leaving a shortage of 40,000 units 0 Quantity Demanded = 20,000 Quantity Supplied = 60,000 Leaving a surplus of 40,000 units 0 Quantity Demanded = 10.000 Quantity Supplied = 70,000 Leaving a surplus of 60,000 unitsStep by Step Solution
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