The Use of Legislated Rent Controls Typically

question 83

Multiple Choice

The use of legislated rent controls typically

• A)has no effect on the distribution of income between tenants and landlords or on the availability of rental accommodations.
• B)affects the distribution of income between tenants and landlords but does not affect the supply of rental accommodations.
• C)has no effect on the distribution of income between tenants and landlords but does affect the supply of rental accommodations.
• D)affects the distribution of income between tenants and landlords and also affects the availability of rental accommodations.
• E)has much worse effects in the short run than in the long run.

---

Definitions:

Customer Tastes

Refers to the preferences, likes, or dislikes of consumers, which can influence their purchasing decisions.

CPFR

Collaborative Planning, Forecasting, and Replenishment, a business practice wherein trading partners coordinate their demand forecasting, inventory management, and production and purchasing planning.

Macroeconomics Factors

The broad external economic forces that affect an economy's performance, including inflation, unemployment rates, and GDP growth.

Seasonal Goods

Products whose demand or availability fluctuates with the seasons of the year, such as winter coats or sunblock.