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Price ceiling.jpg The graph above shows the market for apartments in a small town. If the local government sets a price ceiling of $500 on
Price ceiling.jpg The graph above shows the market for apartments in a small town. If the local government sets a price ceiling of $500 on rent (the price of an apartment), there will be a ______________ of ________________ apartments. Group of answer choices shortage; 15 surplus; 15 surplus; 45 shortage; 45
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Managerial Economics Markets and the Firm
Authors: William Boyes
2nd edition
618988629, 978-0618988624
