What is an unintended consequence when government sets a price control on rental apartments?
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Social Studies, 10.12.2019 05:31 kgreene405
What is an unintended consequence when government sets a price control on rental apartments?
a) because prices are set below market clearing price, suppliers will rent more apartments causing a housing surplus.
b) because prices are set above market clearing price, suppliers will rent fewer apartments causing a housing surplus.
c) because prices are set below market clearing price, suppliers will rent fewer apartments causing a housing shortage.
d) because prices are set above market clearing price, suppliers will rent fewer apartments causing a housing shortage.
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