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Sublight2097 Sublight2097
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Posts: 4132
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8 years ago
Suppose the market clearing rate for apartments in Yazoo City, Mississippi is $400 per month, but a rent control is set at $600 per month. Which of the following would tend to occur in the community?
A) A shortage of apartments
B) An increase in the quantity demanded for apartments
C) Both of the above.
D) Neither of the above.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
Read 401 times
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SmooothSmoooth
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#1
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8 years ago
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Sublight2097 Author
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#2
8 years ago
My mind was going in all different directions trying to figure this one out. Thanks so much.
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#3
8 years ago
You're welcome Happy Dummy
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