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A Rent Ceiling Set Below the Equilibrium Rent

Question 151

Multiple Choice

A rent ceiling set below the equilibrium rent


A) ensures the availability of enough low-rent apartments in a city.
B) results in all renters and potential renters being better off.
C) creates a situation in which the quantity demanded of housing is greater than quantity supplied.
D) ensures that landlords earn a reasonable rate of profit on apartments.
E) eliminates discrimination by landlords.

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