A Rent Ceiling Results in a Shortage

question 105

Multiple Choice

A rent ceiling results in a shortage. As a result, which of the following do you expect?

• A) The shortage will persist as long as the ceiling is in effect.
• B) Discrimination as landlords choose their tenants, possibly based on race, age, or gender.
• C) A black market for apartments whereby higher rents are obtained through various other charges.
• D) All of the above would be expected.

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Definitions:

Experimental Method

A scientific procedure undertaken to discover information or to test a hypothesis by varying conditions and observing the outcomes.

Ethical Reasons

Considerations based on moral principles that influence decisions and actions, often involving the distinction between right and wrong.

Practical Reasons

Reasons or considerations based on actual practice or use; focusing on real-life applications and consequences.

Extraneous Variable

A variable that is not the focus of a study but could influence the results if not controlled or accounted for.