
In cities with rent controls, the actual rents paid can be higher than the legal maximum.One explanation for this is
A) rent control laws are so complicated that landlords and tenants may not be aware of what the legal price is.
B) landlords are allowed to charge more than the legal maximum on some apartments so long as they charge less on others.
C) because there is a shortage of apartments, tenants often are willing to pay rents higher than the law allows.
D) the legal penalty landlords face for charging more than the legal maximum rent is less than the revenue earned by charging their tenants more than the maximum rent.
Correct Answer:
Verified
Q136: Figure 4-5 Q137: David Card and Alan Krueger conducted a Q138: Figure 4-6 Q139: Figure 4-5 Q140: Figure 4-5 Q142: Suppose a binding price floor on sparkling Q143: In Venezuela, the government has implemented price 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
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