If a Rent Ceiling Imposed by the Government Is Greater

question 30

Multiple Choice

If a rent ceiling imposed by the government is greater than the equilibrium rent for housing,then

• A)the supply of rental housing will increase.
• B)a shortage of housing will occur.
• C)a surplus of housing will occur.
• D)the equilibrium rent will prevail as long as all else remains constant.
• E)the equilibrium rent will rise.

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