Suppose that the government imposes a maximum price on rental apartments and the market price of apartments does not change. The most likely explanation is that:
A. the law is impossible to enforce.
B. apartment owners are withdrawing rental units from the market and forcing price up.
C. market forces are pushing rental rates up to avoid a shortage of apartments.
D. the maximum price set by the government was at or above the equilibrium price.
Answer: D
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