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2 votes
Rent control is a type of _____.

price floor

surplus

rationing

price ceiling

2 Answers

3 votes

Price ceiling - Gradpoint 100%

User Jops
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The answer is price ceiling.

A price ceiling is a set amount, usually made by the government, that protects consumers from extremely high prices. In this case, controlling how much a business or landowner can charge for rent would be a price ceiling.

A price floor, on the other hand, is a minimum that a business can charge for a good or service.

A surplus refers to having more goods/products than demanded by the consumers.

Rationing refers to government controlling over resources. This was used in the US during World War I and World War II to ensure the US military had enough resources to be successful.
User Tim Andersen
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