Rent controls force landlords to price apartments below the equilibrium price level. An immediate effect is a
Question:
a. Nonprice methods of rationing emerge.
b. Efficient use of housing space results.
c. Landlords earn lower profits from renting housing units, but the rent charged has no effect on either the quantity or quality of rental units.
d. The quality of rental housing units falls.
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Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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