Correct Answer: Option D

Explanation

The government can reduce the cost of accommodation by fixing the rent at a maximum price. Maximum prices occur when a government sets a legal limit on the price of a good or service – with the aim of reducing prices below the market equilibrium price.

Governments try to control the rate charged for rent by keeping the cost of renting below a certain level. However, 

setting the price below equilibrium maximum will cause a shortage – demand will be greater than supply.

• explain petty cash book for me? Answer this

  1 Answers   ·   Accounting   ·   1 day ago
• what’s the cut of mark for political science in uniabuja? Answer this

  1 Answers   ·   Art   ·   15 hours ago
• How does the repetition of the phrase, "I rise," affect the tone and overall impact of the poem? Answer this

  1 Answers   ·   13 hours ago