Rent control is a type of _____.

2 answers:

34kurt4 years ago

7 0

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.

timama [110]4 years ago

5 0

Price ceiling - Gradpoint 100%

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