Rent in the market, The going rent in the market for

Rent in the market

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Reference no: EM13893268

The going rent in the market for 1-bedroom apartments in your neighborhood is $400. If the government imposes a price ceiling of $200 in this market:

a. The same number of apartments will be rented

b. More people will be willing to rent apartments at every price.

c. More people will rent apartments.

d. Less people will rent apartments.

Reference no: EM13893268

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