What Would Happen in the Market for Rental Housing in Your

question 35

Multiple Choice

What would happen in the market for rental housing in your community if the local government legally mandated rents that were below the market clearing price?

• A) There would be a surplus of rental housing.
• B) There would be a shortage of rental housing.
• C) The demand for rental housing would increase.
• D) The supply of rental housing would decrease.

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