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Business, 11.11.2019 22:31 19cmulett

Suppose that the city of rentville sets a price ceiling of $800 a month on all apartments, although the market equilibrium rent is $1,000. which of the following is least likely to occur? a) an increase in the quantity of existing apartments in rentville. b) a decrease in new apartments being built in rentville. c) a shortage of apartments in rentville. d) an excess of quantity demanded over quantity supplied in the market for apartments.

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