When a Rent Ceiling Below the Equilibrium Rent Is Put

Multiple Choice

When a rent ceiling below the equilibrium rent is put in place,the outcome is

A) efficient because marginal benefit equals marginal cost.
B) inefficient because marginal benefit equals marginal cost.
C) inefficient because marginal benefit is greater than marginal cost.
D) inefficient because marginal benefit is less than marginal cost.
E) efficient because marginal benefit is greater than marginal cost.