A Ceiling Price Set in the Policy of Rent Controls

question 100

Multiple Choice

A ceiling price set in the policy of rent controls:

• A) will be set at a price above the equilibrium price.
• B) may result in some people who rent out units to leave the business because they cannot cover costs.
• C) will lead to rental units being higher in quality because landlords are guaranteed a high price.
• D) will create a surplus of housing.

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Definitions:

Airborne Precautions

Safety measures implemented to prevent the transmission of diseases that are spread through the air over long distances by small droplets or particles.

Tuberculosis

An infectious disease caused by the bacterium Mycobacterium tuberculosis, primarily affecting the lungs.

Rubella

A contagious viral infection best known for its distinctive red rash, also called German measles.

Influenza

A highly contagious viral infection of the respiratory passages causing fever, severe aching, and catarrh, and often occurring in epidemics.