Author Question: Rent controls carry long-run unintended consequences, such as A) a fairer price for people who ... (Read 65 times)

appyboo · **on:** Jun 29, 2018

Rent controls carry long-run unintended consequences, such as

A) a fairer price for people who can't afford market-determined rents.
B) improved quality of apartment units.
C) fewer apartment units as landlords seek substitute uses of their property.
D) an increase in rental price competition among landlords.

Question 2

Refer to the scenario above. After the implementation of the tax, Thomas's expenditure on wine will:

A) remain the same.
B) increase by 50.
C) decrease by 50.
D) increase by 100.