Which one of the following is not likely to be an outcome of a rent ceiling?
A)a black market for rent-controlled housing
B)long waiting lists of potential renters for rent-controlled housing
C)a shortage of housing
D)a black market price below the rent ceiling
E)increased search activity for rent-controlled housing

Question

Quizplus · Accepted Answer

A black market price below the rent ceiling is unlikely to be an outcome of a rent ceiling because it would indicate that the market price for rent is actually lower than the ceiling, making the rent ceiling unnecessary. The other outcomes listed are commonly observed consequences of rent ceilings.

Which One of the Following Is Not Likely to Be