Multiple Choice
A rent control has been imposed on the market for rental housing in a country.If the long run supply curve in this competitive market is more price elastic than the short run supply curve,it implies that:
A) the deadweight loss of the rent control is higher in the long run compared to the short run.
B) the deadweight loss of the rent control is higher in the short run compared to the long run.
C) the deadweight loss of the rent control is zero in the long run.
D) the deadweight loss of the rent control is zero in the short run.
Correct Answer:

Verified
Correct Answer:
Verified
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