If the rent is fixed below the equilibrium level, what would be the effect on the supply of houses? a. There will be no supply of houses b. Supply for house decreases c. No change in the supply of houses d. Supply for house increase

If the rent is fixed below the equilibrium level, what would be the effect on the supply of houses? a. There will be no supply of houses b. Supply for house decreases c. No change in the supply of houses d. Supply for house increase

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter3: Supply And Demand: Theory

Section3.2: Supply

Problem 1ST

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Question

If the rent is fixed below the equilibrium level,
what would be the effect on the supply of houses?
a. There will be no supply of houses
b. Supply for house decreases
c. No change in the supply of houses
d. Supply for house increase

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