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Loraine Loraine
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8 years ago
The graph shows the market for rental housing in Little Rock. The market for apartments is efficient when
A) the quantity of apartments demanded is 12,000 a month.
B) the rent ceiling is set at $300 a month.
C) there is no rent ceiling.
D) the quantity of apartments supplied is 6,000 a month.
E) the rent charged is less than $450.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
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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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VincenzoDVincenzoD
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8 years ago
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