Question: Let Og = 240 - 4p and 0, = - 80 + 4p represent the demand and supply equations for rental accommodation, respectively. If a

Let Og = 240 - 4p and 0, = - 80 + 4p represent the

demand and supply equations for rental accommodation, respectively. If a price ceiling of $30 is imposed, then a black market may develop. Through this black market renters sublet their lease, from law-abiding landlords, to others. What price would these black marketers need to sublet their apartments at to completely eliminate excess demand?

O A. $50

B. $55

O c. S40

O D. $60

O E.

$45

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