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Economics

When rent controls are imposed, the quantity supplied of apartments will be:

A. Greater than the equilibrium quantity, and rents will be less than the equilibrium rents.

B. Greater than the equilibrium quantity, and rents will be greater than the equilibrium rents.

C. Less than the equilibrium quantity, and rents will be less than the equilibrium rents.

D. Less than the equilibrium quantity, and rents will be greater than the equilibrium rents

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91229056

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