What decrease in demand do to efficiency of price ceiling

Reference no: EM131917544

Problem

Suppose there has been a long-standing price ceiling on housing in your city. Recently, population has declined, and demand for housing has decreased. What will the decrease in demand do to the efficiency of the price ceiling?

Reference no: EM131917544

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What decrease in demand do to efficiency of price ceiling : Recently, population has declined, and demand for housing has decreased. What will the decrease in demand do to the efficiency of the price ceiling?

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