Rent Control Policies Tend to Cause

question 56

Multiple Choice

Rent control policies tend to cause

• A) relatively smaller shortages in the short run than in the long run because supply and demand tend to be more elastic in the short run than in the long run.
• B) relatively larger shortages in the short run than in the long run because supply and demand tend to be more elastic in the short run than in the long run.
• C) relatively larger shortages in the short run than in the long run because supply and demand tend to be more inelastic in the short run than in the long run.
• D) relatively smaller shortages in the short run than in the long run because supply and demand tend to be more inelastic in the short run than in the long run.