Over Time,housing Shortages Caused by Rent Control

question 120

Multiple Choice

Over time,housing shortages caused by rent control

• A)increase,because the demand for and supply of housing are less elastic in the long run.
• B)increase,because the demand for and supply of housing are more elastic in the long run.
• C)decrease,because the demand for and supply of housing are less elastic in the long run.
• D)decrease,because the demand for and supply of housing are more elastic in the long run.

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