Examlex

Solved

-In the Figure Above, Originally the Apartment Rental Market Is

question 128

Multiple Choice

  -In the figure above, originally the apartment rental market is in short- run and long- run equilibrium with a rent of $600 per month. Then the government imposes a rent ceiling of $500 per month. The rent ceiling leads to a A)  shortage of 1,000 apartments. B)  shortage of 2,000 apartments. C)  surplus of 2,000 apartments. D)  surplus of 1,000 apartments.
-In the figure above, originally the apartment rental market is in short- run and long- run equilibrium with a rent of $600 per month. Then the government imposes a rent ceiling of $500 per month. The rent ceiling leads to a


Definitions:

Related Questions