Suppose the government establishes a ceiling on price of rental accomodation. In this case, Select one: O a. The current stock of rental housing will be better maintained as there is a shortage of housing O b. Construction of new rental units will be encouraged О с. The market for rental housing is unaffected O d. Those people who obtain rental units will benefit O e. A surplus of rental units will develop

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter5: Elastic And Its Application
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Suppose the government establishes a ceiling on price of rental accomodation. In this case,
Select one:
O a.
The current stock of rental housing will be better maintained as there is a shortage of housing
O b. Construction of new rental units will be encouraged
O c.
The market for rental housing is unaffected
O d. Those people who obtain rental units will benefit
O e.
A surplus of rental units will develop
Transcribed Image Text:Suppose the government establishes a ceiling on price of rental accomodation. In this case, Select one: O a. The current stock of rental housing will be better maintained as there is a shortage of housing O b. Construction of new rental units will be encouraged O c. The market for rental housing is unaffected O d. Those people who obtain rental units will benefit O e. A surplus of rental units will develop
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