A rent ceiling is _______. A. a price floor in the housing market B. the opportunity cost of renting an apartment C. the mechan

Question

3 years ago

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A rent ceiling is _______. A. a price floor in the housing market B. the opportunity cost of renting an apartment C. the mechan

ism that eliminates search activity in the market for low-income housing D. a government regulation that makes it illegal to charge a rent higher than a specified level

Business

1 answer:

GenaCL600 [577] · Answer 1 · 2021-12-23T11:33:43+03:00

Answer:

D.

Explanation:

A rent ceiling is a government regulation that makes it illegal to charge a rent higher than a specified level. Meaning that the landlord of a building cannot charge a rent amount higher than the maximum price set forth by the rent ceiling. Landlords that violate this law are usually fined by the government as a consequence.

A rent ceiling is​ _______. A. a price floor in the housing market B. the opportunity cost of renting an apartment C. the mechan

A rent ceiling is _______. A. a price floor in the housing market B. the opportunity cost of renting an apartment C. the mechan