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Two years ago, after witnessing several consecutive years of excessive rent increases in the city and continual protests about the same, the city of Raylayer decided to fix an upper limit on these increases. Since then the landlords have not been able to increase the rent amounts substantially, but on an average the total amount people have been spending to rent similar accommodation has increased at a rate much higher than the increase in the rents.Which of the following, it true, most helps to explain why the rent cap did not achieve its goal?a)The demand for independent houses, houses that are typically rented at a much higher rate than apartments in a multi-storeyed buildings, has not gone down in the past two years.b)Landlords have the liberty to hike maintenance charges, charges not limited by the ceiling on the rent.c)Seven years ago, a similar rent ceiling program was implemented in Raylayer, but it was subsequently cancelled because of the frequent protests by different associations that protect the interest of landlords in Raylayer.d)Raylayer is one of the most expensive cities to live in the country.e)The overall demand for rented accommodation in Raylayer has been at an all-time low since many people decided to move to nearby cities two years ago when the city faced excessive hikes in rents.Correct answer is option 'B'. Can you explain this answer? for GMAT 2024 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about Two years ago, after witnessing several consecutive years of excessive rent increases in the city and continual protests about the same, the city of Raylayer decided to fix an upper limit on these increases. Since then the landlords have not been able to increase the rent amounts substantially, but on an average the total amount people have been spending to rent similar accommodation has increased at a rate much higher than the increase in the rents.Which of the following, it true, most helps to explain why the rent cap did not achieve its goal?a)The demand for independent houses, houses that are typically rented at a much higher rate than apartments in a multi-storeyed buildings, has not gone down in the past two years.b)Landlords have the liberty to hike maintenance charges, charges not limited by the ceiling on the rent.c)Seven years ago, a similar rent ceiling program was implemented in Raylayer, but it was subsequently cancelled because of the frequent protests by different associations that protect the interest of landlords in Raylayer.d)Raylayer is one of the most expensive cities to live in the country.e)The overall demand for rented accommodation in Raylayer has been at an all-time low since many people decided to move to nearby cities two years ago when the city faced excessive hikes in rents.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for GMAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Two years ago, after witnessing several consecutive years of excessive rent increases in the city and continual protests about the same, the city of Raylayer decided to fix an upper limit on these increases. Since then the landlords have not been able to increase the rent amounts substantially, but on an average the total amount people have been spending to rent similar accommodation has increased at a rate much higher than the increase in the rents.Which of the following, it true, most helps to explain why the rent cap did not achieve its goal?a)The demand for independent houses, houses that are typically rented at a much higher rate than apartments in a multi-storeyed buildings, has not gone down in the past two years.b)Landlords have the liberty to hike maintenance charges, charges not limited by the ceiling on the rent.c)Seven years ago, a similar rent ceiling program was implemented in Raylayer, but it was subsequently cancelled because of the frequent protests by different associations that protect the interest of landlords in Raylayer.d)Raylayer is one of the most expensive cities to live in the country.e)The overall demand for rented accommodation in Raylayer has been at an all-time low since many people decided to move to nearby cities two years ago when the city faced excessive hikes in rents.Correct answer is option 'B'. Can you explain this answer?.

Solutions for Two years ago, after witnessing several consecutive years of excessive rent increases in the city and continual protests about the same, the city of Raylayer decided to fix an upper limit on these increases. Since then the landlords have not been able to increase the rent amounts substantially, but on an average the total amount people have been spending to rent similar accommodation has increased at a rate much higher than the increase in the rents.Which of the following, it true, most helps to explain why the rent cap did not achieve its goal?a)The demand for independent houses, houses that are typically rented at a much higher rate than apartments in a multi-storeyed buildings, has not gone down in the past two years.b)Landlords have the liberty to hike maintenance charges, charges not limited by the ceiling on the rent.c)Seven years ago, a similar rent ceiling program was implemented in Raylayer, but it was subsequently cancelled because of the frequent protests by different associations that protect the interest of landlords in Raylayer.d)Raylayer is one of the most expensive cities to live in the country.e)The overall demand for rented accommodation in Raylayer has been at an all-time low since many people decided to move to nearby cities two years ago when the city faced excessive hikes in rents.Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for GMAT. Download more important topics, notes, lectures and mock test series for GMAT Exam by signing up for free.

Here you can find the meaning of Two years ago, after witnessing several consecutive years of excessive rent increases in the city and continual protests about the same, the city of Raylayer decided to fix an upper limit on these increases. Since then the landlords have not been able to increase the rent amounts substantially, but on an average the total amount people have been spending to rent similar accommodation has increased at a rate much higher than the increase in the rents.Which of the following, it true, most helps to explain why the rent cap did not achieve its goal?a)The demand for independent houses, houses that are typically rented at a much higher rate than apartments in a multi-storeyed buildings, has not gone down in the past two years.b)Landlords have the liberty to hike maintenance charges, charges not limited by the ceiling on the rent.c)Seven years ago, a similar rent ceiling program was implemented in Raylayer, but it was subsequently cancelled because of the frequent protests by different associations that protect the interest of landlords in Raylayer.d)Raylayer is one of the most expensive cities to live in the country.e)The overall demand for rented accommodation in Raylayer has been at an all-time low since many people decided to move to nearby cities two years ago when the city faced excessive hikes in rents.Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Two years ago, after witnessing several consecutive years of excessive rent increases in the city and continual protests about the same, the city of Raylayer decided to fix an upper limit on these increases. Since then the landlords have not been able to increase the rent amounts substantially, but on an average the total amount people have been spending to rent similar accommodation has increased at a rate much higher than the increase in the rents.Which of the following, it true, most helps to explain why the rent cap did not achieve its goal?a)The demand for independent houses, houses that are typically rented at a much higher rate than apartments in a multi-storeyed buildings, has not gone down in the past two years.b)Landlords have the liberty to hike maintenance charges, charges not limited by the ceiling on the rent.c)Seven years ago, a similar rent ceiling program was implemented in Raylayer, but it was subsequently cancelled because of the frequent protests by different associations that protect the interest of landlords in Raylayer.d)Raylayer is one of the most expensive cities to live in the country.e)The overall demand for rented accommodation in Raylayer has been at an all-time low since many people decided to move to nearby cities two years ago when the city faced excessive hikes in rents.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Two years ago, after witnessing several consecutive years of excessive rent increases in the city and continual protests about the same, the city of Raylayer decided to fix an upper limit on these increases. Since then the landlords have not been able to increase the rent amounts substantially, but on an average the total amount people have been spending to rent similar accommodation has increased at a rate much higher than the increase in the rents.Which of the following, it true, most helps to explain why the rent cap did not achieve its goal?a)The demand for independent houses, houses that are typically rented at a much higher rate than apartments in a multi-storeyed buildings, has not gone down in the past two years.b)Landlords have the liberty to hike maintenance charges, charges not limited by the ceiling on the rent.c)Seven years ago, a similar rent ceiling program was implemented in Raylayer, but it was subsequently cancelled because of the frequent protests by different associations that protect the interest of landlords in Raylayer.d)Raylayer is one of the most expensive cities to live in the country.e)The overall demand for rented accommodation in Raylayer has been at an all-time low since many people decided to move to nearby cities two years ago when the city faced excessive hikes in rents.Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Two years ago, after witnessing several consecutive years of excessive rent increases in the city and continual protests about the same, the city of Raylayer decided to fix an upper limit on these increases. Since then the landlords have not been able to increase the rent amounts substantially, but on an average the total amount people have been spending to rent similar accommodation has increased at a rate much higher than the increase in the rents.Which of the following, it true, most helps to explain why the rent cap did not achieve its goal?a)The demand for independent houses, houses that are typically rented at a much higher rate than apartments in a multi-storeyed buildings, has not gone down in the past two years.b)Landlords have the liberty to hike maintenance charges, charges not limited by the ceiling on the rent.c)Seven years ago, a similar rent ceiling program was implemented in Raylayer, but it was subsequently cancelled because of the frequent protests by different associations that protect the interest of landlords in Raylayer.d)Raylayer is one of the most expensive cities to live in the country.e)The overall demand for rented accommodation in Raylayer has been at an all-time low since many people decided to move to nearby cities two years ago when the city faced excessive hikes in rents.Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Two years ago, after witnessing several consecutive years of excessive rent increases in the city and continual protests about the same, the city of Raylayer decided to fix an upper limit on these increases. Since then the landlords have not been able to increase the rent amounts substantially, but on an average the total amount people have been spending to rent similar accommodation has increased at a rate much higher than the increase in the rents.Which of the following, it true, most helps to explain why the rent cap did not achieve its goal?a)The demand for independent houses, houses that are typically rented at a much higher rate than apartments in a multi-storeyed buildings, has not gone down in the past two years.b)Landlords have the liberty to hike maintenance charges, charges not limited by the ceiling on the rent.c)Seven years ago, a similar rent ceiling program was implemented in Raylayer, but it was subsequently cancelled because of the frequent protests by different associations that protect the interest of landlords in Raylayer.d)Raylayer is one of the most expensive cities to live in the country.e)The overall demand for rented accommodation in Raylayer has been at an all-time low since many people decided to move to nearby cities two years ago when the city faced excessive hikes in rents.Correct answer is option 'B'. 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