Solved: Renters and landlords when dealing with a price ceiling, Microeconomics

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Renters and landlords when dealing with a price ceiling

Question: What happens in the market for apartments when the government institutes a price ceiling that is lower than the market price? What could be some actions taken by renters and landlords when dealing with a price ceiling?

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Microeconomics: Renters and landlords when dealing with a price ceiling

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