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Business, 04.08.2019 02:30 Jasmineos

The competitive equilibrium rent in a standard two bedroom apartment in lawrence (a city) is $600. now suppose the city council imposes a rent control law, imposing a price ceiling of $500. what is the impact of the rent control law?

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The competitive equilibrium rent in a standard two bedroom apartment in lawrence (a city) is $600. n...
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