One of the consequences of a government imposed rent control ceiling with the ceiling set below...

One of the consequences of a government imposed rent control ceiling with the ceiling set below the equilibrium rental price is:

Select one:

a. a surplus of apartments.

b. a shortage of apartments.

c. decreased search activity of people who want to rent apartments.

d. an increase in maintenance and additional amenities like swimming pools and free cable

Solutions

Expert Solution

Rahul Sunny answered 1 year ago

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