Multiple Choice
One consequence of rent ceilings set below the equilibrium rent is that
A) a surplus of housing units develops.
B) renters are no longer exploited by landlords.
C) it makes the long-run housing supply more elastic.
D) search costs for housing increase.
Correct Answer:
Verified
Related Questions
Q17: Which of the following is NOT a
Q18: In order to have an effect, a
Q19: When a rent ceiling is imposed in
Q20: A price ceiling set below the equilibrium
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents