Which of the following is a consequence of rent controls established to keep housing affordable for the poor?
A) Less rental housing is available, as prospective landlords find it unprofitable to rent at restricted prices.
B) The quality of rental housing declines as landlords lack the funds and incentive to maintain properties.
C) Apartment buildings are torn down in favor of office buildings, shopping malls, and other buildings where rents are not controlled.
D) All of these choices are correct.
Correct Answer:
Verified
Q176: Suppose that in the clothing market, production
Q177: Q178: Q179: Given a downsloping demand curve and an Q180: (Advanced analysis) The demand for commodity X Q182: (Consider This) Surge prices Q183: A price floor means that Q184: An effective price ceiling will Q185: Black markets are associated with Q186: An effective price floor will![]()
A) create shortages of
A) inflation is
A) induce new
A) price floors
A) force some
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