Use the following diagram to answer Questions 1620. A price ceiling set at $400 will

Chapter 0, Problem 19

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Use the following diagram to answer Questions 1620. A price ceiling set at $400 will result in which of the following in the market for apartments? a. a surplus of 40,000 apartments b. a surplus of 220,000 apartments c. no surplus or shortage d. a shortage of 40,000 apartments e. a shortage of 220,000 apartments

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