If a Rent Ceiling Is Imposed That Is Less Than

question 116

Multiple Choice

If a rent ceiling is imposed that is less than the equilibrium rent,which of the following outcomes is most likely to occur?

• A) reduced search activity
• B) black market activity
• C) a building boom
• D) a housing surplus
• E) None of the above answers is correct because to have an impact, the rent ceiling must be above the equilibrium rent.

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Definitions:

Unconscious

The part of the mind that is inaccessible to the conscious mind but that affects behavior and emotions.

Blindsight

The ability of people who are cortically blind due to lesions in their striate cortex to respond to visual stimuli that they do not consciously see.

Dissociation

A psychological process where certain thoughts, emotions, sensations, or memories are separated from the rest of the psyche.

Perception

the process of recognizing, organizing, and interpreting sensory information to represent and understand the environment around us.