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Business, 01.10.2019 03:20 AnActualTrashcan

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 long-run outcomes? 1. the quality of rental housing units falls2. the future supply of rental housing units increases3. the quantity of available rental housing units falls4. efficient use of housing space resultsbriefly explain why or why not for each scenario.

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