Rent Control Is an Example of a Price Ceiling

question 17

Multiple Choice

Rent control is an example of a price ceiling.Which of the following problems must be addressed under a rent control program?

• A) what to do with the surplus of rental units
• B) how to subsidize renters so that they can afford to pay the higher rents
• C) how to decrease the quantity of rental units to the equilibrium level
• D) whether the opportunity cost of rental units equals the competitive market price
• E) how to allocate scarce rental units

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