Which One of the Following Is Not Likely to Be

question 94

Multiple Choice

Which one of the following is not likely to be an outcome of a rent ceiling?

• A)a black market for rent-controlled housing
• B)long waiting lists of potential renters for rent-controlled housing
• C)a short-run shortage of housing
• D)a black market price below the rent ceiling
• E)increased search activity for rent-controlled housing

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Definitions:

Conjunction Error

A cognitive bias that arises when people estimate the combination of two events to be more likely than one of the events in isolation.

Weather Forecaster

An individual or system that predicts the weather conditions using data from various sources, including satellite imagery, atmospheric conditions, and computer models.

Hot and Humid

Hot and humid refers to weather conditions characterized by high temperatures and high levels of moisture in the air, often causing discomfort.

Groupthink

A phenomenon where a group's desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.