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Other Fields Homework Help Economics Topic started by: Loraine on Jun 20, 2015



Title: Suppose the equilibrium rent in Boston is $1,500. A rent ceiling of $1,600 per month leads to
Post by: Loraine on Jun 20, 2015
Suppose the equilibrium rent in Boston is $1,500. A rent ceiling of $1,600 per month leads to
A) a surplus of apartments in Boston.
B) a shortage of apartments in Boston.
C) no change in the Boston apartment market.
D) fair prices in the Boston apartment market.
E) compared to the situation at the equilibrium rent, a decrease in the quantity of apartments demanded and an increase in the quantity of apartments supplied.


Title: Re: Suppose the equilibrium rent in Boston is $1,500. A rent ceiling of $1,600 per month leads to
Post by: Sydnie on Aug 6, 2015
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Title: Re: Suppose the equilibrium rent in Boston is $1,500. A rent ceiling of $1,600 per month leads to
Post by: Sydnie on Aug 31, 2015
I was confident with my answer, glad it was correct.

Oh, and thumbs-up are more than welcome :)


Title: Re: Suppose the equilibrium rent in Boston is $1,500. A rent ceiling of $1,600 per month leads to
Post by: bellaupdy on Oct 12, 2020
thanks