As Shown in the Figure Given Below, When a Government

question 133

Multiple Choice

As shown in the figure given below, when a government sets a rent ceiling at $750 per month, the result is a(n) :

• A) equilibrium in the market for rented apartments.
• B) increase in supply of rented apartments.
• C) shortage of rented apartments.
• D) economic profit for the owners of rented apartments.
• E) decrease in demand for rented apartments.

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Definitions:

Formula

A predefined mathematical equation used in spreadsheets or other applications to perform calculations or data manipulation.

Function

In programming, a named section of a code that performs a specific task and can return a value. It can also refer to the mathematical notion where a relation associates inputs to outputs.

Insert Function Dialog Box

A feature in spreadsheet software that helps users search for, select, and insert functions into cells.

Function Arguments Dialog Box

A graphical interface in software applications that allows users to enter and configure the parameters required by a function to operate.