When a tenant in a rent-controlled apartment sublets the apartment to another renter at a rent higher than the price ceiling:
A.it is inefficient.
B.we say that the transaction takes place on a black market.
C.there is an increase in quantity demanded.
D.there is a decrease in quantity demanded.

Question

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The Answer of When a tenant in a rent-controlled apartment sublets the apartment to another renter at a rent higher than the price ceiling:
A.it is inefficient.
B.we say that the transaction takes place on a black market.
C.there is an increase in quantity demanded.
D.there is a decrease in quantity demanded.

When a Tenant in a Rent-Controlled Apartment Sublets the Apartment