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Use the following to answer question:
-(Table: Market for Apartments) Use Table: Market for Apartments.If a price ceiling of $700 is imposed on this market,the result will be an inefficiency in the form of a _____ million apartments.
Merchandise Inventory
Products that a company holds in stock with the intent to sell as part of its business operations.
Cost of Goods Sold
Costs incurred directly from the production of goods a company markets, including both materials and workforce expenses.
Days' Sales
A financial ratio that measures the average number of days a company takes to convert its inventory into sales.
Inventory Turnover
A financial metric measuring the rate at which a company sells and replaces its stock of goods during a particular period.
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