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Home › Bihar Board Class 12 (Arts) › Economics › Simple Applications of Tools of Demand and Supply › How did landlords respond to wartime US rent con…

How did landlords respond to wartime US rent controls?

AOffered free leases
BCut their sale prices
CBuilt more rentals
DSold units at open prices
Answer & Solution
Correct answer: D. Sold units at open prices
Selling brought a better return than renting at the controlled price, so rental units fell.
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