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The equilibrium apartment rental rate is $ 1 2 0 0 per month. If a price ceiling is set at $ 1 4 0 0
The equilibrium apartment rental rate is $ per month. If a price ceiling is set at $ we expect the outcome to be outcome to be
If a price ceiling is set at $ we expect the
A Equilibrium; equilibrium
B A shortage; a surplus
C Equilibrium; a shortage
D A shortage; equilibrium
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