The graph shows the market for rental housing in Little Rock. The market for apartments is efficient when
A) the quantity of apartments demanded is 12,000 a month.
B) the rent ceiling is set at $300 a month.
C) there is no rent ceiling.
D) the quantity of apartments supplied is 6,000 a month.
E) the rent charged is less than $450.
C
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The aggregate demand and aggregate supply graph has
a. the price level on the horizontal axis. The price level can be measured by the GDP deflator. b. the price level on the horizontal axis. The price level can be measured by real GDP. c. the price level on the vertical axis. The price level can be measured by the GDP deflator. d. the price level on the vertical axis. The price level can be measured by GDP.
The era of deregulation began as a result of the government's failed response to the oil price shock of 1973.
Answer the following statement true (T) or false (F)