Rent ceilings
A) eliminate the problem of scarcity.
B) allocate resources efficiently.
C) ensure that housing goes to the poorer people.
D) benefit renters living in rent-controlled apartments.
E) benefit all landlords because the landlords know what rent to charge their renters.

Question

Quizplus · Accepted Answer

Rent ceilings (or rent control) benefit renters living in rent-controlled apartments by keeping their rent lower than market rates. However, it can also have negative effects such as reducing the supply of new housing and decreasing the quality of existing housing.

Rent Ceilings