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Figure: Rent Controls
-(Figure: Rent Controls) Look at the figure Rent Controls. If rent controls are imposed and the government wants them to be immediately effective, they will most likely be set at either _____ or _____.

Question

Use the following to answer questions:
Figure: Rent Controls

-(Figure: Rent Controls) Look at the figure Rent Controls. If rent controls are imposed and the government wants them to be immediately effective, they will most likely be set at either _____ or _____.

Quizplus · Accepted Answer

Rent controls need to be set below the equilibrium rent to be effective, which would be Rent₀ or Rent₁.

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