Under Rent Control, Bribery Is Used To

question 47

Multiple Choice

Under rent control, bribery is used to:

• A) allocate housing to the most deserving tenants.
• B) make the total price of a rental property (including the bribe) less than the market price that would prevail without rent controls.
• C) make the total price of a rental property (including the bribe) closer to the market price that would prevail without rent controls.
• D) allocate the housing to the poorest individuals in the market.

---

Definitions:

Demand Curve

A diagram illustrating the connection between the price of a commodity and the amount of it consumers want over a set period.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that suppliers are willing to sell at different prices, typically upward sloping.

Income

Money received, especially on a regular basis, for work, through investments, or from any other source, used to acquire goods and services.

Quantity Demanded

The total amount of a good or service that consumers are willing to purchase at a given price over a specific period.