Solved

If a Rent Ceiling Imposed by the Government Is Greater

Question 30

Multiple Choice

If a rent ceiling imposed by the government is greater than the equilibrium rent for housing,then


A) the supply of rental housing will increase.
B) a shortage of housing will occur.
C) a surplus of housing will occur.
D) the equilibrium rent will prevail as long as all else remains constant.
E) the equilibrium rent will rise.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions