A Rent Ceiling Set Below the Equilibrium Rent

question 151

Multiple Choice

A rent ceiling set below the equilibrium rent

• A) ensures the availability of enough low-rent apartments in a city.
• B) results in all renters and potential renters being better off.
• C) creates a situation in which the quantity demanded of housing is greater than quantity supplied.
• D) ensures that landlords earn a reasonable rate of profit on apartments.
• E) eliminates discrimination by landlords.

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Definitions:

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