Rent control is an example of a _____. it sets the price of rent the equilibrium price and results in a of apartments.
a. price floor, above, surplus
b. price ceiling, above, surplus
c. price floor, below, shortage
d. price ceiling, below, shortage

Question

14-07-2018
Business

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Rent control is an example of a _____. it sets the price of rent the equilibrium price and results in a of apartments.
a. price floor, above, surplus
b. price ceiling, above, surplus
c. price floor, below, shortage
d. price ceiling, below, shortage

Respuesta :

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ahmedishaal ahmedishaal · Answer 1 · 2018-07-24T07:49:24+02:00

Rent control is an example of a "price ceiling", it sets the price of rent "below" the equilibrium price and results in a "shortage" of apartments.

Answer is "D".

Rent control is a type of value control that confines the sum a property proprietor can charge for leasing a home or other land. Rent control goes about as a price ceiling by keeping rents either from being charged over a specific level or from expanding at a rate higher than a predetermined percentage.

Rent control is an example of a _____________________. it sets the price of rent __________________ the equilibrium price and results in a ______________ of apartments. a. price floor, above, surplus b. price ceiling, above, surplus c. price floor, below, shortage d. price ceiling, below, shortage

Respuesta :

Otras preguntas

Rent control is an example of a _____. it sets the price of rent the equilibrium price and results in a of apartments.
a. price floor, above, surplus
b. price ceiling, above, surplus
c. price floor, below, shortage
d. price ceiling, below, shortage