Which of the following is an impact of a rent ceiling set below the equilibrium rent?
A) Renters find apartments to rent more rapidly because the rent ceiling is lower.
B) Landlords' incentives to provide apartments decrease.
C) The supply of apartments increases as soon as the rent ceiling is imposed.
D) A surplus of housing occurs.
E) Search for apartments decreases because renters need no longer search for the apartment with the lowest rent.
B
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The market allocates goods to individuals according to the individuals'
a. desire for the good. b. ability to pay for the good. c. desire and ability to pay for the good. d. political influence.