Prices, Wages & Taxes Mcqs

Q.  Suppose the equilibrium price for apartments is Rs500 per month and the government imposes rent controls of Rs250 Which of the following is unlikely to to occur as a result of the rent controls?

a. There may be long lines of buyers waiting for apartments
b. Landlords may discriminate among apartment renters
c. Landlords may be offered bribes to rent apartments
d. there will be a storage of housing
e. the quality of apartments will improve


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