What decrease in demand do to efficiency of price ceiling

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Question: 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? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132177161

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