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In cities with rent controls, the actual rents paid can be ________ than the legal maximum. One expl

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In cities with rent controls, the actual rents paid can be ________ than the legal maximum. One expl

In cities with rent controls, the actual rents paid can be ________ than the legal maximum. One explanation for this is because there is a ________ of apartments, tenants are ________.
A) higher; shortage; often willing to pay rents higher than the law allows
B) higher; surplus; often forced to pay rents higher than the law allows
C) lower; surplus; never willing to pay rents below the legal maximum
D) lower; shortage; rarely willing to pay rents lower than the law allows

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Essentials of Economics

Edition: 4^th

Authors: Hubbard, O'Brien

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