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16 April, 06:16

Big City has a price ceiling of $750 on rent. The price ceiling means there will be in the supply of rental spaces. Landlords will not raise rent prices as demand increases because they. According to the graph, rent would stabilize at if the price ceiling did not exist.

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  1. 16 April, 07:08
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    the price ceiling means there will be a (shortage) in the supply of rental spaces.

    Landlords will not raise rent prices as a demand because they (are not allowed to)

    According to the graph, rent would stabilize at ($1,000) if the price ceiling did not exist
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