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A Rent Ceiling Results in a Shortage

Question 105

Multiple Choice

A rent ceiling results in a shortage. As a result, which of the following do you expect?


A) The shortage will persist as long as the ceiling is in effect.
B) Discrimination as landlords choose their tenants, possibly based on race, age, or gender.
C) A black market for apartments whereby higher rents are obtained through various other charges.
D) All of the above would be expected.

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