Local governments sometimes establish a
limit to the amount of rent that landlords
can c...
Social Studies, 25.02.2020 16:52 deedeesmoke113057
Local governments sometimes establish a
limit to the amount of rent that landlords
can charge, a limit that is lower than the
equilibrium price that would be established in a
free market. What names do economists give to
the resulting price and supply situation?
A
B
price floor; shortage
price floor; surplus
price ceiling; shortage
price ceiling; surplus
Answers: 1
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