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Gentrification raises property values and the overall attractiveness of the community. This is both positive and negative. Which of the following is a major problem with gentrification?
Price Floor
A government- or authority-imposed minimum price that can be charged for a good or service, often above the equilibrium price.
Quantity Control
Regulatory or business practices that limit the production, sale, or distribution of products to influence market prices or quality.
Quota Rent
The earnings that accrue to the license-holder from owning the right to import a limited quantity of goods under a quota system.
New York Taxicab
An iconic mode of public transportation in New York City, known for its yellow cabs that offer transport services across the city.
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