theledfords3650 theledfords3650

17-02-2020
Business

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Which of the following is a possible outcome of setting a legal maximum rental rate below the market clearing rental rate? a. a decrease in the quantity of rental housing demanded b. a surplus of rental housing c. an increase in the quantity of rental housing supplied d. a black market in rental housing

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kaympoey08 kaympoey08

18-02-2020

Answer:

The answer is d. a black market in rental housing

Explanation:

There is likely to be deficit of rental housing meaning Demand > Supply. Rental housing is likely to be sold in black market at a higher price.

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