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If a Rent Ceiling Is Imposed That Is Less Than

Question 116

Multiple Choice

If a rent ceiling is imposed that is less than the equilibrium rent,which of the following outcomes is most likely to occur?


A) reduced search activity
B) black market activity
C) a building boom
D) a housing surplus
E) None of the above answers is correct because to have an impact, the rent ceiling must be above the equilibrium rent.

Correct Answer:

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