The use of legislated rent controls typically
A) affects the distribution of income between tenants and landlords and also affects the availability of rental accommodations.
B) has no effect on the distribution of income between tenants and landlords but does affect the supply of rental accommodations.
C) has no effect on the distribution of income between tenants and landlords or on the availability of rental accommodations.
D) has much worse effects in the short run than in the long run.
E) affects the distribution of income between tenants and landlords but does not affect the supply of rental accommodations.

Question

Quizplus · Accepted Answer

Rent controls can lead to a redistribution of income from landlords to tenants by capping rent prices, and they can also reduce the availability of rental accommodations as landlords may be less incentivized to rent out or maintain properties.

The Use of Legislated Rent Controls Typically