If the government establishes a price ceiling BELOW the equilibrium pric market for apartments, which of the following is mostly likely to occur? * a surplus of apartments a shortage of apartments an excess supply of apartments an increase in the minimum wage O nothing If consumers expect the future price of large screen HD TVs to increase, be the current effect on the price and quantity sold now? O Price will increase and quantity sold will decrease. Price will decrease and quantity sold will increase. Price will decrease and quantity sold will decrease. Price will be indeterminate and quantity will decrease. Price will increase and quantity sold will increase.

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Q: $17.00 $16.00 $15.00 $14.00 $13.00 $12.00 $1100 $10.00 3 $9.00 E S8.00 $7 00 56 00 $5.00 5400 $3.00…

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