If a rent ceiling is set at $300 a month, what is the quantity of housing rented,

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If a rent ceiling is set at $300 a month, what is the quantity of housing rented, the shortage of housing, and the maximum price that someone is willing to pay for the last unit of housing available?
Use Figure 6.1, which shows the market for rental housing in Townsville
If a rent ceiling is set at $300 a month,
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Microeconomics

ISBN: 978-0133019940

11th edition

Authors: Michael Parkin

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