If a City Government Enacts a Maximum Price on Rent

question 74

Multiple Choice

If a city government enacts a maximum price on rent,

• A) quantity supplied will decrease.
• B) quantity demanded will increase.
• C) allocational problems develop.
• D) All of the above.

---

Definitions:

Dissatisfied Customers

Individuals who feel their expectations have not been met by a product or service, often leading to complaints or returns.

Responsiveness

The ability of a company, system, or individual to quickly and effectively respond to customer requests, market changes, or other demands.

Service Quality

The assessment of how well a delivered service matches the expectations of the customer, often a critical component in customer satisfaction.

Customer Contact Audit

An evaluation of all the points at which a business interacts with its customers to assess and improve service quality and customer experience.