What Will Happen To The Market For Apartment Rentals If The Government Imposes A Price Ceiling That Is Below The Equilibrium?
What Will Happen To The Market For Apartment Rentals If The Government Imposes A Price Ceiling That Is Below The Equilibrium? When a price ceiling is set below the equilibrium price, quantity demanded will exceed quantity supplied, and excess demand or shortages will result. What will happen to the market for apartment rentals if the