Which one of the following is an example of government failure associated with the implementation of a maximum price ceiling on rented housing?
Contraction in housing demand
Distortion of market signals leading to a shortage of accommodation
Emergence of excess housing supply
Extension in housing supply
9 exam-style questions on Edexcel A A Level Economics 1.4.2 Government failure. Each one has a worked solution and a mark scheme showing where the marks go.