Price of rental accommodation

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Reference no: EM132541956

Suppose the government establishes a ceiling on the price of rental accommodation that is lower than the free-market equilibrium price. In this case,

Select one:

A. the rental housing market will be unaffected.
B. the current stock of rental housing will be better maintained as there is a shortage of housing.
C. a surplus of current rental units will develop.
D. construction of new rental units will be encouraged.
E. those people who obtain rental units at the ceiling price will benefit.

Reference no: EM132541956

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