Answer
300 transactions for consumers between points c and a, and suppliers between points b and a.
Work Step by Step
Without rent control 1000 apartments would be available. With rent control only 700 apartments are available.
Microeconomics: Principles, Applications, and Tools (8th Edition)
by O'Sullivan, Arthur; Sheffrin, Steven; Perez, Stephen
Published by
Prentice Hall
ISBN 10:
0-13294-886-9
ISBN 13:
978-0-13294-886-9
Chapter 6 - Market Efficiency and Government Intervention - Exercises - 6.3 Controlling Prices - Maximum and Minimum Prices - Page 147: 3.2
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