RENT CONTROLS A. If a city decides to use rent controls (a price ceiling) to “solve” the problem of high rent for the poor. State how each of the…
RENT CONTROLS A. If a city decides to use rent controls (a price ceiling) to “solve” the problem of high rent for the poor. State how each of the following will be affected. (compare these to the pre-rent control situation) a. number of low rent apartments (quantity) b. number of homeless c. monthly rents (price) for the poor that find housing d. black market payments […]