alleryStart learning →Home › Bihar Board Class 12 (Arts) › Economics › Simple Applications of Tools of Demand and Supply › Where only some flats are rent controlled, rents…
Where only some flats are rent controlled, rents of uncontrolled flats do what?
AFall
BRise
CStay fixed
DVanish
Answer & Solution
Correct answer: B. Rise
Tenants displaced from controlled flats crowd into the open market and push uncontrolled rents up.
Related questions
What do eviction controls in rent regulation set standards for?Isabella Weber argues price caps can help combat which problem?Why can a price ceiling sometimes raise prices?How is aggregate consumers' surplus obtained?Who showed consumer surplus can measure social welfare for a single price change?Which good generally gives a high consumer surplus?With linear curves, consumer surplus has which shape?Producer surplus lies below the equilibrium price and above which curve?