A rent ceiling creates a of housing if it the equilibrium rent. A. Surplus; is

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A rent ceiling creates a ________ of housing if it ________ the equilibrium rent.

A. Surplus; is less than

B. Shortage; is less than

C. Surplus; exceeds

D. Shortage; exceeds

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Foundations of Macroeconomics

ISBN: 978-0134492001

8th edition

Authors: Robin Bade, Michael Parkin

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Question Posted: May 21, 2018 05:37 AM

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A rent ceiling creates a ________ of housing if it ________ the equilibrium rent. A. Surplus; is

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B The rent ceiling has an effect only if it is s...View the full answer

Foundations of Macroeconomics

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A rent ceiling creates a of housing if it the equilibrium rent. A. Surplus; is