Figure: Short and Long Run Shortages Use the Figure

question 1

Multiple Choice

Figure: Short and Long Run Shortages Use the figure.At a rent-controlled price of $800,the short-run shortage of apartments is ________ and the long-run shortage is ________.

• A) 12,000;4,000
• B) 4,000;12,000
• C) 8,000;4,000
• D) 8,000;12,000

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Definitions:

Amygdala

A part of the brain's limbic system involved in processing emotions, fear responses, and memory.

Temporal Lobes

Regions of the brain located on either side of the head above the ears, associated with processing auditory information and memory.

Alzheimer's Disease

A degenerative brain disease that is characterized by cognitive decline, memory loss, and eventual loss of the ability to carry out simple tasks.

Oldest Old

A term used to describe individuals who are 85 years old and older, representing the fastest-growing segment of the population in many countries.