Rent controls in New York City cause all of the following EXCEPT:
A) inefficiently low-quality apartments.
B) wasted resources resulting from the opportunity cost of time associated with trying to find an apartment.
C) black markets.
D) an increase in the quantity supplied of rent-controlled apartments.

Question

Quizplus · Accepted Answer

Rent controls typically lead to a decrease in the quantity supplied of rent-controlled apartments, not an increase, as landlords may not find it profitable to rent out at controlled prices.

Rent Controls in New York City Cause All of the Following