Recent increases in rents have caused the citizens of Elmville to vote for a rent ceiling of
Question:
Qs = -1000 + 20P
Qd = 50000 - 10P
What will be the excess demand for apartments once the price ceiling is implemented?
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AT P1200 Qs 1000201200 Qs ...View the full answer
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Related Book For 
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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