Assuming that the long-run supply of housing is more ________ than the short-run supply, the imposition of binding rent controls will generally ________.

Select one:

A.elastic; lead to a worsening of the housing shortage over time

B.inelastic; lead to no significant change in the housing shortage

C.elastic; lead the price of rental housing to revert back to its equilibrium level

D.inelastic; lead to a reduction in the housing shortage over time

E.elastic; lead to only a temporary housing shortage