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Business, 09.07.2019 03:20 nestor59

Rent controls force landlords to price apartments below the equilibrium price level. an immediate effect is a shortage (excess demand) of apartments, because the quantity of apartments demanded is greater than the quantity supplied at the regulated price. when cities prevent landlords from charging market rents, which of the following are common outcomes? check all that apply. the quantity of available rental housing units falls. efficient use of housing space results. the future supply of rental housing units increases as real estate and construction become more attractive to investors. illegal, or “black,” markets develop.

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