Suppose the market determined rent for apartments is \200 per month. The government intervenes and sets the rent control at250 per month. What is the…
CUET UG 2025 — Economics Micro
Suppose the market determined rent for apartments is 200permonth.Thegovernmentintervenesandsetstherentcontrolat250 per month. What is the likely impact of this intervention on market of apartments?
Held on 26 May 2025 · Verified 13 Jul 2026.
Options
- A
There will now be excess supply of apartments
- B
There will now be excess demand for apartments
- C
The market determined rent will now rise above 200 per month
- D
There will be no impact of this intervention on the market of apartments
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