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Suppose the market price for a one bedroom apartment in Scott's Addition is $1500. If the city mandated that 10% of all one bedroom apartments

Suppose the market price for a one bedroom apartment in Scott's Addition is $1500. If the city mandated that 10% of all one bedroom apartments in Scott's Addition rent for no more than $1000, this would be an example of a price ________. It would create excess ___________ for one bedroom apartments in Scott's Addition.

floor, demand

ceiling, supply

floor, supply

ceiling, demand

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