Suppose the equilibrium price for apartments is R5 000 per month and the government imposes rent controls of R2 500. Which of the following is unlikely to occur as a result of the rent controls?
A) There may be long lines of buyers waiting for apartments.
B) Landlords may discriminate among apartment renters.
C) Landlords may be offered bribes to rent apartments.
D) There will be a shortage of housing.
E) The quality of apartments will improve.
Correct Answer:
Verified
Q1: A price floor set above the equilibrium
Q7: Which of the following statements about a
Q12: Rent controls typically end up
A) increasing rents
Q14: A tax collected from buyers has an
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