Which of the following statements is TRUE? I. Regulations that limit the rate of increase in rents are equally inefficient as rent controls. II. Rent regulations reduce the incentive for landlords to cut back on maintenance. III. Regulations that limit the rate of increase in rents allow the price of rental housing to respond to market forces.
A) I only
B) I and III only
C) I, II, and III
D) II and III only
Correct Answer:
Verified
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