A-LevelEconomicsGovernment microeconomic intervention9708/31 · Oct/Nov 2017 · Q141 Mark

Governments intent on improving living standards for individuals with low incomes sometimes impose rent controls (maximum prices) on houses rented from private landlords. What might be the effects of rent controls in the long run?

A The long-run supply of rental houses will contract. B The number of unoccupied privately rented houses will increase over time. C The price of owner-occupied houses will increase. D There will be no effect on the supply of the rental housing.[1]

Mark scheme

Marking points from the official mark scheme (Oct/Nov 2017). The mark or mark type is shown in brackets.

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Topic: Government microeconomic intervention, A-Level Economics (syllabus 9708). Structured question, 1 mark.
Source: A-Level Economics, Oct/Nov 2017 Paper 3 Variant 1, question 14.

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