Multiple Choice
A ceiling price set in the policy of rent controls:
A) will be set at a price above the equilibrium price.
B) may result in some people who rent out units to leave the business because they cannot cover costs.
C) will lead to rental units being higher in quality because landlords are guaranteed a high price.
D) will create a surplus of housing.
Correct Answer:
Verified
Correct Answer:
Verified
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