Illustrate what happens in the market for apartments

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Effect of price ceiling on appartment supply and demand

What happens in the market for apartments when the government institutes a price ceiling that is lower than the market price? What could be some actions taken by renters and landlords when dealing with a price ceiling?

Reference no: EM1337740

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Illustrate what happens in the market for apartments : Illustrate what happens in the market for apartments when the government institutes a price ceiling that is lower than the market price. What could be some actions taken by renters and landlords when dealing with a price ceiling.

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