Refer to the Accompanying Table to Answer the Following Questions

question 155

Multiple Choice

Refer to the accompanying table to answer the following questions.

-If rent control is established at $1,750,what would be the amount of disequilibrium in the apartment market?

• A) There would be a shortage of 23,500 apartments.
• B) There would be a surplus of 23,500 apartments that is reduced,over time,as individuals rent apartments in the illegal black market.
• C) There would be neither a shortage nor a surplus.
• D) There would be a surplus of 23,500 apartments that is eliminated through individuals renting apartments in the illegal black market.
• E) There would be a surplus of 23,500 apartments that increases as houses and condominiums are converted into apartments.

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Definitions:

Long-Term Effects

The aftermath or outcomes that appear after a significant period following an event, process, or decision, often in the context of health, environmental, or socio-economic impacts.

Delivery

in the context of childbirth, refers to the process of giving birth, where a baby, placenta, and membranes are expelled from the uterus through the vagina to the external world.

Psychological Impact

The effect of events, situations, or stimuli on an individual's mental and emotional state.

Birthing Process

The series of physiological and medical events that lead to the delivery of a baby from the mother's uterus.