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I want correct answer wrong answer then I will give you down upvote..... The graph below shows the market for apartments in a local city.

I want correct answer wrong answer then I will give you down upvote.....

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The graph below shows the market for apartments in a local city. Local Housing Market Supply $2500 a $2000 Price e $1500 + f C $1000 d $500 Demand 1 2 3 4 5 6 7 8 9 10 Quantity (Hundreds of Apartments) A local municipal government decides that the rent for apartments in the city is too high. As a result they institute a price ceiling, capping rent at $1000 per month. Use this information to complete the following statements (a) The price ceiling creates a in the housing market since it increases the quantity of apartments demanded to while decreasing the quantity of apartments supplied to (b) There is an in consumer surplus as before the price ceiling, consumer surplus was depicted as area(s) and after the price ceiling, consumer surplus was depicted as area(s) (c) According to the model, consumers AS A GROUP are made

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