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If a Local Government Enacts Rent Control Legislation That Sets

Question 96

Multiple Choice

If a local government enacts rent control legislation that sets the price of rental housing below equilibrium, which of the following will most likely happen in the local rental housing market?


A) Discrimination in the rental housing market will be less likely.
B) The quality of rental housing will improve.
C) A surplus of rental housing will develop.
D) A shortage of rental housing will develop.

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