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What are the effects of a rent ceiling set below the equilibrium rent?
Ice Age
A period of time in which large regions of land are covered year-round with ice and snow, especially in the last 2 million years.
Caspian Sea
A large landlocked body of water between Europe and Asia, classified as the world's largest lake or a full-fledged sea.
Persian Gulf
A shallow marginal sea of the Indian Ocean between the Arabian Peninsula and Iran, noted for its strategic and economic importance.
Sea of Japan
A marginal sea between the Japanese archipelago, the Korean Peninsula, and Russia.
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