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Author Question: When a rent ceiling law is passed in a city, which of the following occurs? (Read 74 times)

c0205847

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When a rent ceiling law is passed in a city, which of the following occurs?
◦ The total price of renting an apartment decreases to all renters.
◦ The quantity of apartments supplied does not change.
◦ Some landlords and renters use methods such as "key money" to get around the rent ceiling law.
◦ Renters have no trouble finding a nice, reasonably priced apartment to rent.
◦ Generally the number of renters in the city increases because people move to the city to take advantage of the low-rent apartments.


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Marked as best answer by c0205847 on May 24, 2019

pangili4

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c0205847

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pangili4

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Great! Please up vote :D



 

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