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1.4.2 Government failure

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Question 1

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

1.4.2 Government failure Questions

  1. A Level
  2. /Economics
  3. /1.4.2 Government failure