How Does Rent Control Tend to Cause Persistent Imbalances in the Market

question 148

Multiple Choice

How does rent control tend to cause persistent imbalances in the market for housing?

• A)Quantity demanded exceeds quantity supplied but price cannot rise to remove the shortage.
• B)Quantity demanded exceeds quantity supplied but price cannot fall to remove the surplus.
• C)Quantity supplied exceeds quantity demanded but price cannot rise to remove the shortage.
• D)Quantity supplied exceeds quantity demanded but price cannot fall to remove the surplus.

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Definitions:

Correlated

When two or more variables or sets of data have a mutual relationship or connection, where changes in one are associated with changes in the other.

Brain Size

Refers to the overall volume or mass of the brain, variably related to body size, cognitive abilities, and evolutionary adaptations.

Species-Typical Behavior

Behavior that is characteristic of all members of a species, such as walking in salamanders.

Member-Typical Behavior

Behaviors or actions that are characteristic or expected from members of a specific group, species, or category.