Which of the Following Must Occur as a Result of Ceilings

question 124

Multiple Choice

Which of the following must occur as a result of ceilings on apartment rents that are set below market clearing rental rates?

• A) Property owners respond to the ceilings by increasing maintenance and repairs.
• B) Property owners respond to the ceilings by constructing new apartment buildings.
• C) There is a decrease in the quantity of apartments that prospective tenants wish to rent.
• D) There is a decrease in the quantity of apartments that property owners offer for rent.

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Definitions:

Mitochondrion

A mitochondrion is a membrane-bound organelle found in the cytoplasm of eukaryotic cells, crucial in energy production through the process of cellular respiration.

Plasma Membrane

The lipid bilayer that encloses the cytoplasm of a cell, controlling the movement of substances in and out of the cell.

Endoplasmic Reticulum

A network of membranous tubules within the cytoplasm of a cell, involved in protein and lipid synthesis, and detoxification processes.

Mitochondrion

An organelle found in large numbers in most cells, where the biochemical processes of respiration and energy production occur.