If the government were to intervene and set the rent for apartments in New York City below the market rent,then we would expect,relative to the market outcome,
A)an increase in the number of people wanting to live in apartments in New York City.
B)a decrease in the number of people wanting to live in apartments in New York City.
C)an increase in the number of apartments available for rent in New York City.
D)None of the above is correct.

Question

Quizplus · Accepted Answer

Setting rent below the market rate would make apartments more affordable, increasing demand and the number of people wanting to live in them.

If the Government Were to Intervene and Set the Rent