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Home › Bihar Board Class 12 (Arts) › Economics › Simple Applications of Tools of Demand and Supply › Under vacancy control, what does a new tenant pay?

Under vacancy control, what does a new tenant pay?

ANothing for a year
BDouble the old rent
CAlmost the same rent
DWhatever landlord asks
Answer & Solution
Correct answer: C. Almost the same rent
Rent stays regulated between tenancies, so the incoming tenant pays close to what the last one paid.
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