Business, 18.10.2019 19:30 Qwerty2771

Suppose the city council in a large city decides to pass a law which forces landlords to charge a maximum rent of $750/month for a one-bedroom apartment. prior to the rent control, the average rent for a one-bedroom apartment was $1,750/month. which of the following is likely to occur as a result of the price ceiling?
a) landlords will begin decreasing the quality of one bedroom appartments by not making repair or paying for upkeep
b) the rental market will become more efficient
c)some landlords and renters will agree on a price less than $750 a month and not report it to government
d)landlords will supply more appartments to the market than before the price silling

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Suppose the city council in a large city decides to pass a law which forces landlords to charge a ma...

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