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In the figure above, the demand curve shifts rightward from D0 to D1 so that D1 is the relevant demand curve. Suppose the government imposes
In the figure above, the demand curve shifts rightward from D0 to D1 so that D1 is the relevant demand curve. Suppose the government imposes a rent ceiling of $500 per month. In the short run there will be 0 a shortage of 500,000 apartments. Q a shortage of 400,000 apartments. 0 a shortage of 200,000 apartments. 0 no shortage nor a surplus of apartments
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