A Rent Ceiling on Housing Creates a Problem of Allocating

question 148

Multiple Choice

A rent ceiling on housing creates a problem of allocating the available housing units because

• A) the demand for housing decreases and the demand curve shifts leftward.
• B) the supply of housing increases and the supply curve shifts rightward.
• C) a shortage of apartments occurs.
• D) a surplus of apartments occurs.
• E) it eliminates search, which is one of the major ways housing units are allocated.

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The systematic investigation and experimentation carried out in a controlled environment, notably within a lab, aimed at acquiring new knowledge.

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