Rent control results in a(n)

Name: Rent control results in a(n)
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Rent control puts a limit on the rent that landlords can charge, which reduces their incentive to supply rental units. As a result, landlords are less likely to build new apartments or even maintain existing ones, which leads to a shortage of apartments. This scarcity puts renters in a difficult situation, creating long waiting lists and forcing them to pay under-the-table fees or higher non-controlled rent for limited options.

Rent Control Results in A(n)