Multiple Choice
Which of the following is an impact of a rent ceiling set below the equilibrium rent?
A) Renters find apartments to rent more rapidly because the rent ceiling is lower.
B) Landlords' incentives to provide apartments decrease.
C) The supply of apartments increases as soon as the rent ceiling is imposed.
D) A surplus of housing occurs.
E) Search for apartments decreases because renters need no longer search for the apartment with the lowest rent.
Correct Answer:
Verified
Correct Answer:
Verified
Q171: The minimum wage is set above the
Q172: An illegal market in which the price
Q173: Explain why in cities such as New
Q175: Producers favor a _ because _.<br>A) price
Q177: One result of the minimum wage is<br>A)
Q178: Which of the following results from a
Q179: If the government imposes an effective _,a
Q180: A price support leads to inefficiency because<br>A)
Q181: When a rent ceiling is _,consumer surplus
Q240: Discuss the inefficiencies created by a price