The management of a rental building faces a rent control situation, where it cannot charge more than $400 a month in rent on the apartment. The management knows that the apartments are high in demand and renters would be willing to be $1000 per month for them. The management will
a. Do nothing-it cannot violate the regulation
b. Offer a bundle of both the apartment and furniture together for $1000
c. Offer the controlled rent but force the tenants to rent furniture from the management
d. Both B&C
d
Economics
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A. is the horizontal summation of the individual demand curves. B. shows how market purchases vary with price. C. slopes downward. D. both a and b E. all of the above
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