The following information is available for Morgan Corp.:
Which of the following statements is correct?
Definitions:
Affordable Housing
Housing units that are reasonably priced and affordable to those with a median household income.
Price Ceiling
A legally imposed maximum price on a good or service, above which it cannot be sold.
Rent Control
Government-imposed limits on the amount landlords can charge for renting out housing or apartments, intended to keep housing affordable.
Price Floor
A government-imposed limit on how low a price can be charged for a product, meant to ensure fair compensation for producers.
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