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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?
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?
Most Upvoted Answer
Two years ago, after witnessing several consecutive years of excessive...
A. The demand for independent houses, houses that are typically rented at a much higher rate than apartments in multi-storeyed buildings, has not gone down in the past two years.
This option suggests that the rent cap did not achieve its goal because the demand for independent houses, which are generally rented at higher rates, remained high. Even though the rent increases for apartments in multi-storeyed buildings were limited, the demand and rental prices for independent houses continued to rise, resulting in an overall increase in the total amount people were spending on rented accommodation.
B. Landlords have the liberty to hike maintenance charges, charges not limited by the ceiling on the rent.
This option explains that the rent cap did not achieve its goal because landlords were able to increase the total amount people were spending on renting accommodation by raising maintenance charges. While the rent amounts were capped, landlords had the freedom to raise additional charges related to maintenance, which were not subject to the rent ceiling. As a result, the overall cost of renting increased despite the limitations on rent increases.
C. Seven years ago, a similar rent ceiling program was implemented in Raylayer, but it was subsequently canceled because of the frequent protests by different associations that protect the interest of landlords in Raylayer.
This option suggests that the rent cap did not achieve its goal due to the previous experience of implementing a similar program that was eventually canceled. The frequent protests by associations protecting the interests of landlords likely created opposition and resistance to the rent ceiling policy. This resistance could have led to challenges and ultimately the failure of the current rent cap program.
D. Raylayer is one of the most expensive cities to live in the country.
This option indicates that the high cost of living in Raylayer may have contributed to the rent cap not achieving its goal. Even with the rent ceiling in place, the overall cost of renting in Raylayer remained high compared to other cities. This could be due to various factors such as high demand, limited supply, or other economic factors that influence the cost of living. The rent cap alone may not have been sufficient to address the underlying issues driving high rental prices in the city.
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.
This option suggests that the rent cap did not achieve its goal because the overall demand for rented accommodation in Raylayer decreased significantly. As a result of excessive rent increases in the past, many people chose to move to nearby cities, reducing the demand for rental properties in Raylayer. With lower demand, landlords may not have felt the need to increase rents substantially, but the total amount people were spending on renting similar accommodation still increased due to other factors or cost pressures.
It is important to note that while all these options provide possible explanations for why the rent cap did not achieve its goal, option B directly addresses the issue of landlords raising maintenance charges, which is a factor not limited by the rent ceiling.
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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?
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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?.
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.
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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'. Can you explain this answer? tests, examples and also practice GMAT tests.
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