If the government imposes a ceiling on the rent of residential housing at a below-market equilibrium level, the quantity of housing supplied will exceed the quantity demanded.

Question

Quizplus · Accepted Answer

When the government imposes a rent ceiling below the market equilibrium, it typically results in a shortage, meaning the quantity demanded exceeds the quantity supplied, not the other way around.

If the Government Imposes a Ceiling on the Rent of Residential