Price controls or mandated in the apartment rental market benefit the consumer by establishing a price the free market equilibrium price.

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victoriaj9057 victoriaj9057

12-07-2022
Business

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Price controls or mandated in the apartment rental market benefit the consumer by establishing a price the free market equilibrium price.

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okpalawalter8 okpalawalter8 · Answer 1 · 2022-07-18T17:21:58+02:00

Price controls or ceilings mandated in the apartment rental market benefit the consumer by establishing a price below the free market equilibrium price. This is further explained below.

What is Price control?

Generally, Government-mandated minimum or maximum prices are established for particular commodities and services under price regulations.

In conclusion, The customer benefits from price limits or ceilings mandated in the apartment rental market because they set a price below the equilibrium price of the free market.

Price controls or ______ mandated in the apartment rental market benefit the consumer by establishing a price ______ the free market equilibrium price.

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What is Price control?

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Price controls or mandated in the apartment rental market benefit the consumer by establishing a price the free market equilibrium price.