Multiple Choice
The demand function for rental apartments is q = 960 - 7p and the supply function is q = 160 + 3p. The government makes it illegal to charge a rent higher than $35. How much excess demand will there be?
A) 149
B) 450
C) 364
D) 726
E) 245
Correct Answer:
Verified
Correct Answer:
Verified
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