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

question 50

Multiple Choice

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)the transaction takes place on a black market.
• C)there is an increase in quantity demanded.
• D)there is a decrease in quantity demanded.

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Definitions:

Nasalis

A facial muscle responsible for the compression of the nasal cartilage.

Facial Nerve

A cranial nerve that controls the muscles of facial expression, taste sensations from the anterior two-thirds of the tongue, and the production of saliva and tears.

Hyoid Bone

A unique U-shaped bone located in the anterior neck, which supports the tongue and provides attachment points for muscles associated with swallowing.

Platysma

A muscle in the neck region that plays a role in facial expression, such as lowering the lower jaw and lip.