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Price ceilings have been used to help renters in expensive areas by keeping rents artificially low. Though this helps some renters, there are costs associated with this practice too. Place a check next to all of the items below that describe possible consequences resulting from rent control. Select all that apply.

-The development of Black Markets

-The requirement of nonrefundable cleaning deposits.

-Reductions in apartment quality.

-An increased emphasis on informal connections in allocating apartments.

-The requirement of nonrefundable key deposits.

-An increased level of subletting.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91587199

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