ECOND$1$ Microeconomics $-24/$S$2$

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Question $5$ Not yet $$ answerec Points out o $1\mathrm{.}00$

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questior $$

Rent controls that impose price caps below the market rate tend to lead to persistent imbalances in the market for housing. This is because

Select one:

a$.$ quantity demanded exceeds quantity supplied, but the price cannot fall to remove the surplus.

b$.$ quantity supplied exceeds quantity demanded, but the price cannot rise to remove the surplus

c$.$ quantity demanded exceeds quantity supplied, but the price cannot rise to remove the shortage.

d$.$ quantity supplied exceeds quantity demanded, but the price cannot rise to remove the shortage.

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