Author Question: If the government imposes a ceiling price on apartment rents, we would expect to observe all of the ... (Read 49 times)

mia · **on:** Jul 1, 2018

If the government imposes a ceiling price on apartment rents, we would expect to observe all of the following except one. Which is the exception?
a. an increase in the number of new apartment complexes being built
b. long waiting lists for apartment seekers
c. lower maintenance of existing apartments
d. conversion of some apartment complexes to condos
e. a shortage

Question 2

A price ceiling set below the equilibrium price will result in a shortage.
a. True
b. False