Suppose that there are two laws proposed for eviction notices.Plan A requires landlords to give a renter 30 days to vacate an apartment once he has been served an eviction notice.Under Plan B,he has 60 days to vacate an apartment once he has been served an eviction notice.It follows that landlords will find
A) Plan A more expensive than Plan B.
B) Plan B more expensive than Plan A.
C) both plans to be equally expensive.
D) none of the above

Question

Quizplus · Accepted Answer

Plan B is more expensive for landlords because they have to wait for 60 days before they can re-rent the apartment, while under Plan A, they only have to wait for 30 days. Therefore, landlords lose more potential rent income under Plan B.

Suppose That There Are Two Laws Proposed for Eviction Notices