Use the Following to Answer Question

question 145

Multiple Choice

Use the following to answer question:
-(Table: Market for Apartments) Use Table: Market for Apartments.If a price ceiling of $900 is imposed on this market,the result will be an inefficiency in the form of a _____ million apartments.

• A)surplus of 0.6
• B)shortage of 0.6
• C)surplus of 0.2
• D)shortage of 0.2

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Definitions:

Art Collector

An individual or entity that acquires various forms of art, such as paintings, sculptures, and other artistic works, often as a hobby or investment.

Early 20th-Century

Refers to the period from 1901 to 1950, marked by significant changes worldwide in technology, society, and politics, including two world wars.

Modernist Process

A trend in art and literature seeking new forms of expression, breaking traditional conventions and embracing innovation and abstraction.

The Portuguese

Refers to the people of Portugal; historically notable for their significant role in global exploration and maritime trade during the Age of Discovery.