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Your quiz may not get submitted properly if you exceed the time limit. Also, if possible, use the same computer that youve been using for your class. valua- DQuestion 23 3 pts Which of the following is least likely to result from rent controls set below tions the equilibrium price for rental housing? O The supply of rental housing will increase rapidly O Shortages and black markets will result O People will demand more apartments than are available O The existing rental housing will deteriorate Next Previous
Your quiz may not get submitted properly if you exceed the time limit. Also, if possible, use the same computer that you've been using for your class. valua- DQuestion 23 3 pts Which of the following is least likely to result from rent controls set below tions the equilibrium price for rental housing? O The supply of rental housing will increase rapidly O Shortages and black markets will result O People will demand more apartments than are available O The existing rental housing will deteriorate Next Previous
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Answer #1

Ans:

The supply of rental housing will increase rapidly.

Explanation

The suppliers produce fewer rental units due to the lower price and lower profits. This will cause the supply curve to shift to the left, not to the right.

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