If rent controls are imposed, they will most likely be set at either _ or _. A. Rent0; Rent1 B. Rent1; Rent3 C. Rent3; Rent4 D. All of the above are equally likely rent control levels.

From the figure that is given in the question we can see that at Rent0 and Rent1 the demand is higher and supply is less so the rent can be increased to very high amounts as people will be willing to give that amount because of the limited supply. That is why the rent controls should be imposed at either Rent0 or Rent1.

Answer Link

If rent controls are imposed, they will most likely be set at either _______ or _______. A. Rent0; Rent1 B. Rent1; Rent3 C. Rent3; Rent4 D. All of the above are equally likely rent control levels.

Respuesta :

Otras preguntas

If rent controls are imposed, they will most likely be set at either _ or _. A. Rent0; Rent1 B. Rent1; Rent3 C. Rent3; Rent4 D. All of the above are equally likely rent control levels.