15) If a rent ceiling imposed by the government is greater than the equilibrium rent for housing, then Al the equilibrium rent will prevail as long as all else remains constant. B) the equilibrium rent will rise. C) a shortage of housing will occur. D) the supply of rental housing will increase. E) a surplus of housing will occur.

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13 May 2018

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33) If the government imposes a maximum rent for housing that is above the equilibrium price, then you predict that A) the law will have no effect in the market for housing. B) the supply curve for housing shifts leftward. C) the demand curve for housing shifts rightward. D) the law will generate a shortage of housing. E) the law will create a surplus of housing.

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