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Loraine Loraine
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Posts: 4563
8 years ago
In a housing market with a rent ceiling set below the equilibrium rent,
A) some people seeking an apartment to rent will not be able to find one.
B) the total cost of renting an apartment will decrease for all those seeking housing.
C) some landlords will not be able to find renters to fill available apartments.
D) search will decrease because renters no longer need to search for less expensive apartments.
E) None of the above answers are correct because to have an impact, the rent ceiling must be set above the equilibrium rent.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 209 times
1 Reply
Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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VincenzoDVincenzoD
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8 years ago
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Loraine Author
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8 years ago
Smart ... Thanks!
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Yesterday
You make an excellent tutor!
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2 hours ago
Just got PERFECT on my quiz
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