Assume That the Long-Run Supply of Housing Is Highly Elastic

question 2

Multiple Choice

Assume that the long-run supply of housing is highly elastic.The imposition of binding rent controls will lead to

• A)a reduction in the housing shortage over time.
• B)a worsening of the housing shortage over time.
• C)no significant change in the housing shortage over time.
• D)only a temporary housing shortage.
• E)the price of rental housing to revert back to its free-market equilibrium level.

---

Definitions:

Gender Nonconformity

Behaviors or appearances that do not align with traditional or societal expectations of one’s assigned gender at birth.

Heterosexism

is a system of attitudes, bias, and discrimination in favor of opposite-sex sexuality and relationships, often marginalizing non-heterosexual forms of love and identity.

Overregularization

The application of regular grammatical rules for forming inflections (e.g., past tense and plurals) to irregular verbs and nouns.

Language Development

The method through which kids grasp and convey language in their early years.