Over time, housing shortages caused by rent control ______ because the supply of housing is ______ elastic in the long run.
A) increase; less
B) increase; more
C) decrease; less
D) decrease; more
Correct Answer:
Verified
Q136: Use the following to answer questions:
Figure: Supply
Q137: Impeding price signals by imposing price ceilings
Q138: What happened as a result of the
Q139: Rent controls are:
A) an efficient and equitable
Q140: When the price ceilings on oil and
Q142: How did economists try to prove that
Q143: Which is NOT a result of rent
Q144: Use the following to answer questions:
Figure: Supply
Q145: Rent control is an example of a:
A)
Q146: Some economists compare the destructiveness of rent
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