As Shown in the Figure Given Below,when a Government Sets

question 28

Multiple Choice

As shown in the figure given below,when a government sets a rent ceiling at $750 per month,the result is a(n) :​

• A)equilibrium in the market for rented apartments.
• B)increase in supply of rented apartments.
• C)shortage of rented apartments.
• D)economic profit for the owners of rented apartments.
• E)decrease in demand for rented apartments.

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Definitions:

Robert Sternberg

An American psychologist known for his theory on love and intelligence, among his many contributions to psychology.

Longitudinal Studies

Research studies that follow subjects over a long period of time to observe changes or developments in specific variables.

Intelligence

A complex trait that encompasses the ability to learn, understand, reason, make decisions, and adapt to new situations.

Fluid Intelligence

Those types of basic intelligence that make learning of all sorts quick and thorough. Abilities such as short-term memory, abstract thought, and speed of thinking are all usually considered part of fluid intelligence.