Exhibit 4.7

-If the government imposes a ceiling price on apartment rents, we would expect to observe all of the following, except one. Which of the following is the exception?

Question

Exhibit 4.7
 
-If the government imposes a ceiling price on apartment rents, we would expect to observe all of the following, except one. Which of the following is the exception?

Quizplus · Accepted Answer

Imposing a ceiling price on apartment rents typically discourages developers from building new apartment complexes because the potential return on investment is lower. The other options (B, C, D, E) are common consequences of rent control policies.

Exhibit 4.7 -If the Government Imposes a Ceiling Price on Apartment Rents