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Suppose the government sets a rent price for apartments. The price is below the equilibrium price and creates a shortage of apartments. This situation describes a _____.
The price is below the equilibrium price and creates a shortage of apartments. This situation describes a price ceiling.
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Expert answered|WeeCHEN|Points 2342|
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Asked 6/6/2014 9:49:58 AM
Updated 6/7/2014 8:43:27 AM
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Confirmed by andrewpallarca [6/7/2014 8:43:27 AM]
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Gloves and mittens are _____. This means that an increase in the demand for gloves decreases the demand for mittens
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Updated 3/15/2017 4:16:02 AM
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Inflation is an increase in the prices of good and services. Inflation decreases purchasing power, especially those with fixed incomes.
Added 3/15/2017 4:03:08 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [3/15/2017 4:16:04 AM]
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Updated 6/7/2014 12:58:15 PM
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Perfect Competition
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