Question: When a rent ceiling is imposed below the market equilibrium rent, what is the range of illicit market rents or search costs? The illicit market

When a rent ceiling is imposed below the market equilibrium rent, what is the range of illicit market rents or search costs? The illicit market rent or search cost ________. A. ranges from the market equilibrium rent to as high as the amount that renters are willing to pay B. does not exceed the rent ceiling C. ranges from the rent ceiling to as high as the amount that renters are willing to pay D. ranges from the rent ceiling to the market equilibrium rent

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