Rent controls carry long-run unintended consequences, such as ...

[appyboo]

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.

[braelync]

Answer to Question 1

C

Answer to Question 2

A

[appyboo]

Thanks for the timely response, appreciate it

[juliaf]

Excellent