Applied to the housing market, the implicit rental price concept states that
A) it is always better to own than to rent a house.
B) it is always better to rent than to own a house.
C) the implicit rental price will equal the interest rates on the mortgage (the loan on the house) plus the amount of depreciation on the house during the year.
D) taxes will always be lower when renting a house.
E) None of these.
Correct Answer:
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