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1. |
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 |
Answer» F. | |