Multiple Choice
Rent controls tend to cause persistent imbalances in the market for housing because
A) Quantity demanded exceeds quantity supplied but price cannot rise to remove the shortage.
B) Quantity demanded exceeds quantity supplied but price cannot fall to remove the surplus.
C) Quantity supplied exceeds quantity demanded but price cannot rise to remove the shortage.
D) Quantity supplied exceeds quantity demanded but price cannot fall to remove the surplus.
Correct Answer:

Verified
Correct Answer:
Verified
Q11: Figure 4-18 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7348/.jpg" alt="Figure 4-18
Q12: John Maynard Keynes and Friedrich Hayek<br>A) had
Q13: Figure 4-24 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7348/.jpg" alt="Figure 4-24
Q14: Which of the following generalizations about the
Q15: If the government wants to raise tax
Q17: When a price ceiling is imposed below
Q18: A black market is<br>A) a market that
Q19: Price controls will tend to cause misallocation
Q20: Figure 4-22 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7348/.jpg" alt="Figure 4-22
Q21: The "incidence of a tax" is the