In the Presence of Binding Rent Controls,the Shortage of Housing

question 85

Multiple Choice

In the presence of binding rent controls,the shortage of housing is smaller

• A)the higher is the elasticity of demand for housing.
• B)the lower is the elasticity of supply of housing.
• C)the longer is the length of time the rent controls are in place.
• D)the greater is the difference between the equilibrium price and the rent-controlled price.
• E)the more elastic is the long-run supply of housing.

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Definitions:

Sex Characteristics

Physical or physiological traits differentiating the biological sexes, including primary characteristics such as reproductive organs and secondary characteristics such as voice depth and body hair distribution.

Primary Sex Characteristics

The physical features directly involved in human reproduction, such as the ovaries, testes, and genitalia.

Alfred Kinsey

A pioneering American biologist and sexologist who is known for his research on human sexuality and the Kinsey Reports.

Heterosexual

Describing individuals who are sexually attracted to people of the opposite sex.