A Rent Ceiling Results in a Shortage

question 105

Multiple Choice

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

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

---

Definitions:

Locus Of Control

A psychological concept referring to the extent to which individuals believe they have control over events affecting their lives.

Machiavellianism

A personality trait characterized by a cynical disregard for morality and a focus on self-interest and personal gain, often at the expense of others.

Emotionally Detached

A state of being disengaged or disconnected from emotional experiences, sometimes as a protective or coping mechanism.

High-Mach Personality

A trait characterized by manipulation and exploitation of others, a cynical view of human nature, and a focus on personal gain often without regard for ethical considerations.