Use the following to answer question :
-A student organization forms on your university campus to protest the high rent for apartments near campus.This organization is planning a meeting with the dean and the president of the university.Which choice BEST describes one policy the student organization might fight for?
A) a laissez-faire policy
B) a price floor
C) a price ceiling
D) a quantity control

Question

Use the following to answer question : 
-A student organization forms on your university campus to protest the high rent for apartments near campus.This organization is planning a meeting with the dean and the president of the university.Which choice BEST describes one policy the student organization might fight for?
A) a laissez-faire policy 
B) a price floor 
C) a price ceiling 
D) a quantity control

Quizplus · Accepted Answer

The student organization might fight for a price ceiling policy that would limit the maximum amount of rent that landlords can charge for apartments near campus. This would help to make housing more affordable for students. A laissez-faire policy (A) would involve the government staying out of the market and letting supply and demand determine the rent prices. A price floor (B) would set a minimum amount that landlords can charge, which would not necessarily help the cause. A quantity control (D) would limit the number of apartments available and would not directly address the issue of high rent prices.

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