Under Rent Controls

question 176

Multiple Choice

Under rent controls:

• A) some mutually profitable trades are illegal and therefore the benefits are never realized.
• B) producer surplus is zero.
• C) the quantity demanded of apartments is typically less than the quantity supplied.
• D) buyers are better off at the expense of sellers.

---

Definitions:

Simple Linear Regression

A statistical method that models the relationship between a dependent variable and one independent variable, assuming a linear relationship.

68-95-99.7 Rule

A statistical rule stating that for a normal distribution, approximately 68% of the data falls within one standard deviation of the mean, 95% within two standard deviations, and 99.7% within three standard deviations.

Observed Responses

Observed responses refer to the actual outcomes or reactions recorded in an experiment or survey, following exposure to certain conditions or stimuli.

Linear Regression

A statistical method for modeling the relationship between a dependent variable and one or more independent variables by fitting a linear equation.