Economists in general agree that rent controls are:
A)an efficient and equitable way to help low-income families.
B)an inefficient but sometimes effective way to help low-income families.
C)an efficient method of dealing with the shortages caused by price ceilings.
D)the only way to solve the problem of poverty.

Question

Quizplus · Accepted Answer

Economists generally agree that while rent controls may be effective in the short run, they ultimately lead to inefficiencies in the housing market in the long run. However, in certain situations, such as in areas with extremely high rental costs, rent controls may be an effective way to help low-income families.

Economists in General Agree That Rent Controls Are