Rent Controls Create Large Shortages in the Long Run Rather

question 106

True/False

Rent controls create large shortages in the long run rather than the short run because the long-run supply curve for apartments is inelastic.

---

Definitions:

Smaller-than-normal Brain Size

A condition where the physical size of the brain is below the average for the individual's age and sex.

Premature Delivery

The birth of a baby before the completion of 37 weeks of pregnancy, potentially leading to health challenges for the newborn.

Newborn

An infant from birth to a few weeks old, characterized by rapid physical and neurological development during the initial stages of life outside the womb.

Genetic Disorder

A disease or condition caused by an abnormality in an individual's DNA, which can be inherited from parents or result from a new mutation.