A Rent Ceiling Results in a Shortage

question 70

Multiple Choice

A rent ceiling results in a shortage. As a result, which of the following do you expect?

• A) A black market for apartments whereby higher rents are obtained through various other charges.
• B) The shortage will persist as long as the ceiling is in effect.
• C) Discrimination as landlords choose their tenants, possibly based on race, age or gender.
• D) All of the above would be expected.

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Definitions:

Withdrawal Mechanism

A term often used in psychology and organizational behavior to describe the process by which individuals distance themselves from a situation, task, or social setting as a coping strategy.

Daydreaming

The act of engaging in spontaneous, fanciful thoughts or fantasies while awake, often as a form of mental escape from routine or stress.

Defense Mechanism

Psychological strategies used unconsciously to protect oneself from anxiety or uncomfortable emotions and thoughts.

Rationalization

A defense mechanism in psychology, where controversial behaviors or feelings are justified and explained in a seemingly rational or logical manner to avoid the true explanation.