What is an unintended consequence when government sets a price control on rental apartments?
A) Because prices are set below market clearing price, suppliers will rent more apartments causing a housing surplus.
B) Because prices are set above market clearing price, suppliers will rent fewer apartments causing a housing surplus.
C) Because prices are set below market clearing price, suppliers will rent fewer apartments causing a housing shortage.
D) Because prices are set above market clearing price, suppliers will rent fewer apartments causing a housing shortage.
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