A Rent Ceiling Results in a Shortage

question 100

Multiple Choice

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

• A) A shortage of applicants for the apartments available.
• B) Discrimination as tenants choose their landlords, possibly based on race, age, or gender.
• C) A black market for apartments whereby higher rents are obtained through various other charges.
• D) In the long-run, more and more people will want to become landlords.

---

Definitions:

Launching New Cereals

The process of introducing new cereal products to the market, involving activities such as market research, product development, and promotional strategies.

Without Conducting Research

Proceeding to make decisions or form opinions without gathering information, data, or evidence to support those conclusions.

Secret-Shopper Reports

Evaluations conducted by individuals posing as customers to collect data on a business's products, services, and customer experience, often for quality assurance.