Economists generally recognize that rent controls cause shortages in housing, yet rent controls tend to persist.Why does this occur?
A)Many people do not understand the effects that controls cause.
B)Property owners are politically unpopular.
C)Many persons tend to benefit from rent controls.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

Rent controls persist because many people do not understand their negative effects, property owners often lack political support, and some individuals benefit from lower rents.

Economists Generally Recognize That Rent Controls Cause Shortages in Housing