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Suppose that the equilibrium rent for a 2-bedroom apartment is $800.If local government sets a rent ceiling at $1,200, then; a. a shortage will
Suppose that the equilibrium rent for a 2-bedroom apartment is $800.If local government sets a rent ceiling at $1,200, then; a. a shortage will result. b. a surplus will result. X C. an equilibrium will result
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a a shortage will result A rent ceiling of 1200 would result in a shortage because the ...
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Ro
7th Canadian Edition
007090653X, 978-0070906532, 978-0071339575
