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QUESTION
ate agency commission is limited at 1% only, what will be the impact on new market equilibrium price and quantity of residential real estate market? ?...
If a price ceiling on real estate agency commission is limited at 1% only, what will be the impact on new market equilibrium price and quantity of residential real estate market? ? Please state the leftward/rightward shift on either demand/supply curve and comment on the equilibrium price change.
