FIGURE 5-4 -Refer to Figure 5-4.Suppose the Government Imposes a Rent-Controlled Price

question 28

Multiple Choice

FIGURE 5-4
-Refer to Figure 5-4.Suppose the government imposes a rent-controlled price of $600 per month on apartments in this city.In the long run we can expect the shortage of apartments to be ________ units.

• A)0
• B)200
• C)300
• D)800
• E)1000

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