Which of the Following Is a Consequence of Rent Controls

question 149

Multiple Choice

Which of the following is a consequence of rent controls established to keep housing affordable for the poor?

• A) Less rental housing is available, as prospective landlords find it unprofitable to rent at restricted prices.
• B) The quality of rental housing declines as landlords lack the funds and incentive to maintain properties.
• C) Apartment buildings are torn down in favor of office buildings, shopping malls, and other buildings where rents are not controlled.
• D) All of these choices are correct.

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Definitions:

Trilateral

Involving three parties, sides, or aspects; often used in the context of international treaties or agreements.

Mutual Misunderstanding

Mutual misunderstanding occurs when two or more parties have differing interpretations or perceptions about an agreement or situation.

Meeting of the Minds

A mutual agreement or consent among parties in a contract, indicated by a clear understanding and acceptance of essential terms and conditions.

Contract

A legally-binding agreement between two or more parties that outlines obligations and privileges.