4 Suppose the city removes the price ceiling and authorizes a new apartment complex to be built. How would this affect the market for apartments? Apartments A Supply would shift right. B Supply would shift left. c Demand would shift right. D Demand would shift left. Price $2000 1750 1500 1200 1000 0 40 70 100 Qty

4 Suppose the city removes the price ceiling and authorizes a new apartment complex to be built. How would this affect the market for apartments? Apartments A Supply would shift right. B Supply would shift left. c Demand would shift right. D Demand would shift left. Price $2000 1750 1500 1200 1000 0 40 70 100 Qty

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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