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Suppose the Equilibrium Price for Apartments Is R5 000 Per

Question 17

Multiple Choice

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.

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