In a city with rent-controlled apartments, all of the following are true except
A)apartments usually rent for rates lower than the market rate.
B)apartments are often in shorter supply than they would be without rent control.
C)it usually takes more time to find an apartment than it would without rent control.
D)landlords have an incentive to rent more apartments than they would without rent control.

Question

Quizplus · Accepted Answer

Rent control creates a disincentive for landlords to rent out apartments, as they cannot charge higher rents even if the demand is high. Therefore, landlords may choose to rent fewer apartments, leading to a reduced supply of rental units.

In a City with Rent-Controlled Apartments, All of the Following