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Frost Frost
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5 years ago
Suppose that the maximum price for rent in New York City is set above the equilibrium price. Which of the following statements is INCORRECT?

▸ It increases the quantity demanded.

▸ Consumers want to buy more than producers want to sell.

▸ It reduces the quantity supplied.

▸ All of the above are incorrect.
Textbook 
Microeconomics: Principles, Applications, and Tools

Microeconomics: Principles, Applications, and Tools


Edition: 8th
Authors:
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BtllllllBtllllll
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#1
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5 years ago
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Frost Author
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5 years ago
Thank you, thank you, thank you!
jaray75
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Yesterday
Good timing, thanks!
Tabitha.davis
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2 hours ago
Helped a lot
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