In a Housing Market with a Rent Ceiling Set Below

question 207

Multiple Choice

In a housing market with a rent ceiling set below the equilibrium rent,

• A) some people seeking an apartment to rent will not be able to find one.
• B) the total cost of renting an apartment will decrease for all those seeking housing.
• C) some landlords will not be able to find renters to fill available apartments.
• D) search will decrease because renters no longer need to search for less expensive apartments.
• E) None of the above answers are correct because to have an impact, the rent ceiling must be set above the equilibrium rent.

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