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5 Dec 2018
Rent controls place price ceilings on rents at levels below market equilibrium rental rates for the stated purpose of making housing more affordable for low-income families. Using demand and supply analysis, answer the following questions:
- How does imposing rent controls affect the number of housing units available to low-income families? Illustrate your response using graphs.
- Under rent controls, can all low-income families get rent-controlled housing?
- Who gains from rent controls? Who loses?
- What alternative policy would you propose to make plenty of housing available to low-income families that would not be subject to the problems of rent controls? Illustrate the effects on supply and demand from part 1.
Rent controls place price ceilings on rents at levels below market equilibrium rental rates for the stated purpose of making housing more affordable for low-income families. Using demand and supply analysis, answer the following questions:
- How does imposing rent controls affect the number of housing units available to low-income families? Illustrate your response using graphs.
- Under rent controls, can all low-income families get rent-controlled housing?
- Who gains from rent controls? Who loses?
- What alternative policy would you propose to make plenty of housing available to low-income families that would not be subject to the problems of rent controls? Illustrate the effects on supply and demand from part 1.
larryrambo777Lv10
26 Mar 2023
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Bunny GreenfelderLv2
6 Dec 2018
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