Business, 30.07.2021 19:40, zakwolthuis
Suppose there has been a long-standing price ceiling on housing in your city. Recently, population has declined and demand for housing has decreased. The decrease in demand could cause the efficiency of the price ceiling to: multiple choice decrease the shortage but increase the deadweight loss. become non-binding so there would be no shortage or deadweight loss. increase the shortage but decrease the deadweight loss. increase the shortage and/or deadweight loss.
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