One Strategy I Might Use to Be Elected Mayor of a University

question 115

Multiple Choice

One strategy I might use to be elected mayor of a university town is to place a binding price ceiling on rent for student apartments.What will happen if I get elected and am able to pass such a law?

• A) The price ceiling will increase the number of apartments available for rent.
• B) The price ceiling will cause the demand curve to shift.
• C) The price ceiling will cause the supply curve to shift.
• D) The price ceiling will decrease the number of students who want to rent an apartment.
• E) The price ceiling will cause students to sleep in their cars or to move in with their friends because they won't be able to find a place to live.

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Definitions:

Ostracized

Excluded, shunned, or banished from a society or group, often used as a form of social punishment.

Poverty

A condition where an individual or community lacks the financial resources to meet basic needs such as food, shelter, and healthcare.

Black Bourgeoisie

The African American middle and upper class, which emerged as a distinct social group with its own cultural, economic, and political identities.

Discrimination

Unfair or prejudicial treatment of individuals based on characteristics such as race, gender, age, or sexual orientation.