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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 20
Which of the following is least likely to result from rent controls set below the equilibrium price for rental housing?
A) Shortages and black markets will result.
B) The existing rental housing will deteriorate.
C) The supply of rental housing will increase rapidly.
D) People will demand more apartments than are available.
A) Shortages and black markets will result.
B) The existing rental housing will deteriorate.
C) The supply of rental housing will increase rapidly.
D) People will demand more apartments than are available.
Explanation
Verified
Verified
Therefore, the correct answer is (c) the...
Economics for Today 9th Edition by Irvin Tucker
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