Rent controls can cause distortions in resource allocation by
A) causing too many resources to be devoted to housing
B) creating a surplus of housing
C) creating incentives toward home ownership rather than renting
D) causing too few resources to be devoted to housing
E) decreasing the demand for rental units
Correct Answer:
Verified
Q78: An excess demand in a market implies
Q79: One method of addressing an excess demand
Q80: A ration coupon is generally used
A) to
Q81: Which of the following represents the best
Q82: An unintended consequence of rent control has
Q84: Price ceilings are imposed if the government
Q85: Suppose the government imposed a minimum price
Q86: A market consequence of a price floor
Q87: A price floor is a reasonable price
Q88: A market consequence of a price floor
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