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Suedyso Suedyso
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5 years ago
In the case of rent control, a maximum price will cause ________ and ________ the total surplus of the market.

▸ excess supply; increase

▸ excess supply; reduce

▸ excess demand; reduce

▸ excess demand; increase
Textbook 
Microeconomics: Principles, Applications, and Tools

Microeconomics: Principles, Applications, and Tools


Edition: 8th
Authors:
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MikaelDevostMikaelDevost
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5 years ago
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