As long as rent control exists, we can expect the housing market affected by these controls to suffer from housing shortages.

Question

Quizplus · Accepted Answer

Rent control, by setting a maximum price for rentals below the market equilibrium, typically leads to a shortage of available housing because the lower prices increase demand while discouraging supply, as landlords may find it less profitable to rent out or maintain properties.

As Long as Rent Control Exists, We Can Expect the Housing