Rent controls:
A) almost always help low-income families find low-cost housing.
B) often help high-income families.
C) cause the quantity supplied to exceed the quantity demanded.
D) result in all of the above.

Question

Quizplus · Accepted Answer

Rent controls often end up benefiting high-income families because they can exploit the system to secure low-cost housing, despite the intention to help low-income families. Rent controls can lead to a mismatch in the housing market, where the quantity demanded exceeds the quantity supplied, leading to shortages rather than surpluses.

Rent Controls