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Question 5 of 21_(20 )^(00 )Suppose the city council in a large city decides to...

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Economics

Question 5 of 21

_(20 )^(00 )

Suppose the city council in a large city decides to pass a lawwhich forces landlords to charge a maximum rent of

$(750)/()

month for a one-bedroom apartment. Prior to the rent control,the average rent for a one-bedroom apartment was

$1,(750)/()

month . Which is an unintended consequence that may occur as aresult of the price ceiling?

?

100 The answer above is an example of

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