If the Government Imposes a Ceiling Price on Apartment Rents

question 83

Multiple Choice

If the government imposes a ceiling price on apartment rents, we would expect to observe all of the following except one.Which is the exception?

• A)an increase in the number of new apartment complexes being built
• B)long waiting lists for apartment seekers
• C)lower maintenance of existing apartments
• D)conversion of some apartment complexes to condos
• E)a shortage

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