520EconomicsMedium
Suppose the equilibrium price for apartments is Rs500 per month and the government imposes rent controls of Rs250 Which of the following is unlikely to to occur as a result of the rent controls?
ALandlords may discriminate among apartment renters
BThere may be long lines of buyers waiting for apartments
CLandlords may be offered bribes to rent apartments
Dthe quality of apartments will improve
Ethere will be a storage of housing
Correct answer
D. the quality of apartments will improve
Explanation
The correct answer is the quality of apartments will improve.