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Refer to Table 6.1.1, which gives the demand schedule and the supply schedule for the apartment market in Anytown, Alberta. If a rent ceiling of

Refer to Table 6.1.1, which gives the demand schedule and the supply schedule for the apartment market in Anytown, Alberta. If a rent ceiling of $300 is imposed in the apartment market, then there is a surplus of 40 apartments. the supply of apartments will increase. the demand for apartments will decrease. the quantity of apartments supplied is 60 units. the maximum amount someone is willing to pay for an apartment in the black market is $500

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