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Price Ceilings, Price Floors, and Black Markets
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Price Ceilings, Price Floors, and Black Markets
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5. Consumer and Producer Surplus; Price Ceilings and Price Floors / Price Ceilings, Price Floors, and Black Markets / Problem 9
Problem 9
Why might a government implement rent control as a price ceiling?
A
To make housing more affordable for consumers.
B
To increase the supply of housing.
C
To ensure landlords can charge higher rents.
D
To decrease the demand for housing.
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