Which of the Following Must Occur as a Result of Ceilings

question 124

Multiple Choice

Which of the following must occur as a result of ceilings on apartment rents that are set below market clearing rental rates?

• A) Property owners respond to the ceilings by increasing maintenance and repairs.
• B) Property owners respond to the ceilings by constructing new apartment buildings.
• C) There is a decrease in the quantity of apartments that prospective tenants wish to rent.
• D) There is a decrease in the quantity of apartments that property owners offer for rent.

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Definitions:

Percent

A mathematical term expressing a fraction of 100, used to quantify ratios or comparisons.

Delusion

A false belief or judgment, often of persecution or grandeur, that indicates an illness in the perception of reality.

Negative Symptom

A term often used in psychiatry that refers to the absence or diminution of normal functions or behaviors, such as blunted emotions or social withdrawal.

Hallucination

A perception in the absence of external stimulus that has qualities of real perception, often seen in psychiatric conditions.