Which group of individuals most likely benefits from rent controls?
A) the unemployed who fail to obtain rental housing
B) low-income wage earners who fail to obtain rental housing
C) single parent families without savings or other financial assets who fail to obtain rental housing
D) upper-income professionals who rent apartments at the price ceiling rate

Question

Quizplus · Accepted Answer

Rent controls set a maximum price landlords can charge for rent, which often benefits those who are able to secure housing at these controlled rates. Upper-income professionals who rent apartments at the price ceiling rate are more likely to benefit because they have the means to secure and maintain these rentals, whereas lower-income individuals or those without savings might still struggle to find available rent-controlled housing due to high demand and limited supply.

Which Group of Individuals Most Likely Benefits from Rent Controls