Refer to Figure 5-4. Suppose the government imposes a rent-controlled price of $800 per month on apartments in this city. In the short run, we can expect the shortage of apartments to be -----__. units.

Refer to Figure 5-4. Suppose the government imposes a rent-controlled price of $800 per month on apartments in this city. In the short run, we can expect the shortage of apartments to be -----__. units.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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