Examlex
Which of the following is not a short-run effect of rent control on the housing market?
Demand (D)
In economic terms, the quantity of a good or service that consumers are willing and able to purchase at various prices during a given period.
Substitute
A good or service that can be used in place of another, allowing consumers to switch between them based on price, preference, or availability.
Equilibrium
A situation where the supply and demand in the market are equal, leading to stable prices.
Margarine
A spread used as a substitute for butter, made from vegetable oils or animal fats.
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