Which statement(s) is TRUE?
I. Regulations that limit the rate of increase in rents are equally as inefficient as rent controls.
II. Rent regulations reduce the incentive for landlords to cut back on maintenance.
III. Regulations that limit the rate of increase in rents allow the price of rental housing to respond to market forces.
A) I only
B) I and III only
C) I, II, and III
D) II and III only

Question

Quizplus · Accepted Answer

Option III is correct since limiting the rate of rent hike enables the price to respond to market forces. Option II is correct because rent controls reduce the incentive for landlords to do repairs. I is incorrect since limiting the hike rate in rents is not as unjust as rent controls.

Which Statement(s) Is TRUE