CUET Economics - Suppose the market determined rent for apartments is \200 per month. The government intervenes and sets the rent control at 250 per month. What is the likely impact of this intervention on market of apartments? | PYQs + Solutions

CUET Economics 2025 26 May Shift 2

Micro

Easy

There will now be excess supply of apartments

There will now be excess demand for apartments

The market determined rent will now rise above 200 per month

There will be no impact of this intervention on the market of apartments

✅ Correct Option: 4

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CUET Economics 2025 26 May Shift 2 PYQs