In Mumbai, there is a price ceiling on the amount of rent a tenant pays. This price ceiling will be binding if it is set___________the equilibrium price of rent. Choose one: A. below B. equal to C. above Part 2 In Mumbai, there is a price ceiling on the amount of rent a tenant pays. The binding price ceiling on rent causes which of the following? Select all that apply. Choose one or more: A. a decrease in the quantity of apartments demanded B. a decrease in the quantity of apartments supplied C. a surplus in the market for apartments D an increase in the quantity of apartments supplied E. a shortage in the market for apartments F. an increase in the quantity of apartments

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