Register
Assume that there is rent control in Chicago. Which of the following is true? The total surplus will fall because there will be a shortage of apartments. Consumer surplus will increase and as a result
61.4k views
2 votes
Assume that there is rent control in Chicago. Which of the following is true? The total surplus will fall because there will be a shortage of apartments. Consumer surplus will increase and as a result all consumers in the rental market will benefit. All consumers in the rental market will benefit because the rent will be lower. The total surplus will rise because consumer surplus will increase.

User Hiren Spaculus
by
4.4k points

1 Answer

4 votes

Answer:

The total surplus will fall because there will be a shortage of apartments

Step-by-step explanation:

User Priya Rani
by
5.9k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.0m questions

7.9m answers

Other Questions

What are some ways you can save on car insurance?
_____ reminds customers and clients that they made a good choice in selecting a company with which to do business, or it reminds them of the good qualities of their purchase.​
Demonstrate how binomial nomenclature is related to classification systems by identifying the genus name and the specific name of the domestic cat felis catus
The dark printed words on the page of a book are easily read because they are printed on a light ground. this is an example of the principle of ____________.
On august 1 the darius co. purchased a photocopy machine for $8,000. the estimated annual depreciation on the machine is $1,680. if the company prepares annual financial statements on december 31, the
Link Copied!