Econ Rent Control
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Rent control is only relavent when?
It is
The natural result of a rent control is..?
a shortage. People now can afford it, but there is not enough supplied.
taxes pull the supply curve which direction?
in (left) meaning we will get less of it and pay more
Rent control come into being when...?
market rents are rising quickly
who looses from rent control?
people who loose apartments, and landlords who make less money renting
Rent control is a form of a...
price ceiling
Is there deadweight loss with rent control?
yes