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Consider the use of rent control policies for apartment buildings.  Which set of words best fills in the blanks in the following statement:

Rent control policies are expected to create a in the market, and this will be a more severe problem in the .

a. Shortage, short-run
b. Shortage, long-run
c. Monkey, coconuts
d. Surplus, short-run
e. Surplus, long-run

 

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