Question
A government imposes a maximum rent in order to make rented housing more affordable. What is likely to be a long-run consequence if the maximum
A government imposes a maximum rent in order to make rented housing more affordable. What is likely to be a long-run consequence if the maximum is set below the current free market level?
A a shortage of applicants for rented housing
B a shortage of rented housing
C an increase in supply to satisfy the increased demand for rented housing
D an increase in the number of houses being rented
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Macroeconomics
Authors: David Colander
8th edition
978-0078004407, 78004403, 978-0077247171, 77247175, 978-0077307110
