Rent controls force landlords to price apartments below the equilibrium price level. An immediate effect is a shortage (

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Rent controls force landlords to price apartments below the equilibrium price level. An immediate effect is a shortage (

Post by answerhappygod »

Rent Controls Force Landlords To Price Apartments Below The Equilibrium Price Level An Immediate Effect Is A Shortage 1
Rent Controls Force Landlords To Price Apartments Below The Equilibrium Price Level An Immediate Effect Is A Shortage 1 (18.38 KiB) Viewed 21 times
Rent controls force landlords to price apartments below the equilibrium price level. An immediate effect is a shortage (excess demand) of apartments, because the quantity of apartments demanded is greater than the quantity supplied at the regulated price. When cities prevent landlords from charging market rents, which of the following are common long-run outcomes? Check all that apply. Nonprice methods of rationing emerge. The quantity of available rental housing units falls. Efficient use of housing space results. Black markets develop.
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”