Rent controls force landlords to price apartments below the equilibrium price le

Question

Rent controls force landlords to price apartments below the equilibrium price level. An immediate effect is a shortage (excess demand) of apartments, because the quantity of apartments demanded is greater than the quantity supplied at the regulated price When cities prevent landlords from charging market rents, which of the following are common long-run outcomes? Check all that apply The future supply of rental housing units increases The quantity of available rental housing units falls. The quality of rental housing units falls Nonprice methods of rationing emerge

Explanation / Answer

Answer is: The future supply of rental housing units increases Non price methods of rationing emerge.

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