What is an unintended consequence when government sets a price control on rental apartments?
a) because prices are set below market clearing price, suppliers will rent more apartments causing a housing surplus.
b) because prices are set above market clearing price, suppliers will rent fewer apartments causing a housing surplus.
c) because prices are set below market clearing price, suppliers will rent fewer apartments causing a housing shortage.
d) because prices are set above market clearing price, suppliers will rent fewer apartments causing a housing shortage.

The correct answer is letter A.

Explanation:  When the government sets a maximum price, it results in a shortage. In New York City, a rent control system that dates back. As a result, highly sought after apartments can be rented for cheap prices.

1.) question:

how was the agricultural revolution related to the industrial revolution?

d.) improved agriculture led to population growth, which increased demand for goods.

2.) question:

which of the following happened first in the events leading to american independence?

c.) the meeting of the first continental congress.

3.) question:

what was one advantage that cities offered businesses and industrialists?

answer:

d.) transportation networks

4.) question:

what economic philosophy developed in response to the problems of industrial workers?

a.) socialism

5.) question:

how does this image relate to the jacobins?

b.) the jacobins used this machine to scare and execute those who supported the king.

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