174 How will the maximum price affect the economy?
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A maximum price distorts the market and leads to disequilibrium. The demand is greater than supply meaning many consumers will be unable to get the product at all. Cheap rents are no good if it leaves many people homeless. Encourages black market.
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Answer:
A maximum price distorts the market and leads to disequilibrium.The demand is heated then supply meaning many consumers will be unable to get the product at all.cheap rents are not good of it leaves many people encourage black market
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