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Gentrification Raises Property Values and the Overall Attractiveness of the Community

question 75

Multiple Choice

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?


Definitions:

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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