A rent ceiling results in a shortage. As a result, which of the following do you expect?
A) a shortage of applicants for the apartments available
B) discrimination as tenants choose their landlords, possibly based on race, age, or gender
C) a black market for apartments whereby higher rents are obtained through various other charges
D) in the long-run, more and more people will want to become landlords
Correct Answer:
Verified
Q25: Assume that your state government has placed
Q26: With rent controls set below the equilibrium
Q27: A rent ceiling results in a shortage
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