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The government decides to limit the rent that can be requested for housing in a particular neighborhood Which of the following is wrong If the limit is binding it can be assumed Choose one

The government decides to limit the rent that can be requested for housing in a particular neighborhood. Which of the following is wrong? If the limit is binding, it can be assumed Choose one: a. that there is a shortage of housing. b. that in the long term there will be apartments rented in the neighborhood. c. that in the short term the supply of housing changes little. d. that the supply elasticity of supply is more short-term than long- term e. that in the long term the number of residents in the neighborhood who want to rent there increases.

Feb 06 2020 View more View Less

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