When a Tenant in a Rent-Controlled Apartment Sublets the Apartment

question 56

Essay

When a tenant in a rent-controlled apartment sublets the apartment to another renter at a rent higher than the price ceiling:
A.it is inefficient.
B.we say that the transaction takes place on a black market.
C.there is an increase in quantity demanded.
D.there is a decrease in quantity demanded.

---

Definitions:

Smooth Muscle

Involuntary muscle tissue that lacks transverse striations; found mainly in sheets surrounding hollow organs, such as the intestine. Compare with cardiac muscle and skeletal muscle.

Skeletal Muscle

The voluntary striated muscle of vertebrates, so called because it usually is directly or indirectly attached to some part of the skeleton. Compare with cardiac muscle and smooth muscle.

Gap Junctions

Specialized intercellular connections that facilitate the direct transfer of ions and molecules between the cytoplasm of adjacent cells, enabling communication and coordination.

Hydrostatic Skeleton

A support structure in many soft-bodied animals, such as jellyfish and earthworms, that is maintained by the fluid pressure within their body cavities.