The Shortage of Housing That Exists in the Presence of Binding

question 57

Multiple Choice

The shortage of housing that exists in the presence of binding rent controls is smaller

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

---

Definitions:

Ophthalmology Unit

A specialized hospital or clinic department focused on the diagnosis and treatment of eye diseases and disorders.

Canadian Nurses Association

A national professional organization representing registered nurses, promoting high standards of care and nursing practice in Canada.

Informed Consent

A process ensuring individuals are fully informed about procedures, risks, benefits, and alternatives before agreeing to participate or receive treatment.

Official Interpreter

A qualified individual authorized to translate spoken or sign language communication between parties, often in legal or governmental settings.