In the housing market,what effect do rent controls have on quantity supplied and quantity demanded
A) causes both to fall
B) causes quantity supplied to fall and quantity demanded to rise
C) causes quantity supplied to rise and quantity demanded to fall
D) causes both to rise
Correct Answer:
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Q41: One economist has argued that rent control
Q42: Figure 6-5 Q43: Where does a binding price floor in Q44: What do economists generally regard rent control Q45: Under rent control,how does bribery act as Q47: Which principle is illustrated by the long-run Q48: With a binding price floor,what will the Q49: How is rent control best characterized Q50: Under rent control,what can tenants expect Q51: Which of the following is a result
A)as a
A)lower rent
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