Suppose that college students in your town persuaded the town council to enact a law setting the maximum price for rental housing at $400 per month. Will this help or hurt college students who rent housing? In your answer, address how this price ceiling will affect

(a) the quality of rental housing;

(b) the amount of rental housing available;

(c) the incentive of landlords to maintain their properties;

(d) the amount of racial, gender, and other types of discrimination in the local rental housing market;

(e) the ease with which students will be able to nd housing; and, nally,

(f) whether a black market for housing would develop.