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Suppose the government sets a rent price for apartments. The price is below the equilibrium price. This situation describes a _____. price floor price ceiling

Suppose the government sets a rent price for apartments. The price is below the equilibrium price. This situation describes a _____. price floor price ceiling
asked 78.5k views
4 votes
Suppose the government sets a rent price for apartments. The price is below the equilibrium price. This situation describes a _____.

price floor
price ceiling

asked
User Milimetric
by
8.2k points

2 Answers

6 votes

Answer:

price ceiling

Step-by-step explanation:

answered
User Lapis
by
8.1k points
4 votes
the correct answer is price ceiling

answered
User Caution Continues
by
7.8k points
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