When a Rent Ceiling Law Is Passed in a City,which

question 42

Multiple Choice

When a rent ceiling law is passed in a city,which of the following occurs?

• A) The total price of renting an apartment decreases to all renters.
• B) The quantity of apartments supplied does not change.
• C) Some landlords and renters use methods such as "key money" to get around the rent ceiling law.
• D) Renters have no trouble finding a nice, reasonably priced apartment to rent.
• E) Generally the number of renters in the city increases because people move to the city to take advantage of the low-rent apartments.

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Definitions:

First Law

Without a specific context, "First Law" could refer to various foundational laws in different fields, such as Newton's First Law of motion that states an object will remain at rest or in uniform motion in a straight line unless acted upon by an external force.

Allosteric Regulator

A molecule that binds to an enzyme at a site other than the active site, thereby modifying the enzyme's activity.

Catalyst

A substance that increases the rate of a chemical reaction without being consumed or altered permanently in the process.

Semipermeable Membrane

A type of membrane that allows certain molecules or ions to pass through by diffusion but not others.