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The local city council passes a law that establishes a maximum rent for apartments in your city. Which of the following is likely to happen?
Items (6 items) (Drag and drop into the appropriate area below)
-Housing is more difficult to obtain
-People will want tor rent more apartments
-The demand for apartment will rise or shift right.
-Apartment quality will improve
-More apartments will become available
-Current renters will sublet to others at prices above the legal maximumCategories
-Likely
-Unlikely
A manufacture procedure using 2 inputs, labor as well as capital.
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Consider The Pizza Market In A Small College Town ... Your question has been answered Let us know if you got a helpful answer.
Suppose that a perfectly competitive industry is in long-run equilibrium, and demand increases. Explain the short run and long run effects on the firm and on the industry.
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