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AP® Macroeconomics

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Price Ceiling

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If a major city imposes a price ceiling on rent payments for apartments, what will most likely occur?

A

Those who are in most need of an apartment will be able to find space.

B

All poor people will be able to find adequate housing.

C

People moving into the city will be unable to find an apartment.

D

More housing rental will occur because the law made it cheaper.

E

Current tenants will reduce their use of space making more available for others.