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The graph shows the market for ski chalets in Aspen. The Aspen Tourist Board asks the local governme

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The graph shows the market for ski chalets in Aspen. The Aspen Tourist Board asks the local governme

The graph shows the market for ski chalets in Aspen. The Aspen Tourist Board asks the local government to impose a rent ceiling on ski chalets. If the rent ceiling is set at $1,900 a week, then there is
A) a shortage of 3,000 chalets a week.
B) a surplus of 3,000 chalets a week.
C) neither a shortage nor surplus of chalets.
D) a shortage of 6,000 chalets a week.
E) a surplus of 6,000 chalets a week.

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Essential Foundations of Economics

Edition: 7^th

Authors: Bade, Parkin

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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.

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