Question
Now suppose that a price ceiling of $1,200 rent per month is imposed in the Vancouver housing market described above in problem #1. a) What
Now suppose that a price ceiling of $1,200 rent per month is imposed in the Vancouver housing market described above in problem #1.
a) What is the new quantity of housing demanded?
b) What is the quantity of housing that landlords would be willing to supply?
c) What is the excess quantity of housing demanded?
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Using Excel For Principles Of Econometrics
Authors: R Carter Hill, Genevieve Briand
4th Edition
1118032101, 9781118032107
