Question
1. In regards to housing, what underlies the demand curve? the supply curve? Given the changes to NY rent regulations, how would this challenge the
1. In regards to housing, what underlies the demand curve? the supply curve? Given the changes to NY rent regulations, how would this challenge the equilibrium? Do you think supply and demand would return to equilibrium? Why or why not?
2. Find a policy that is related to rent control. What economic forces do you think led to the adoption of this policy? Do you think the policy is a success or failure? Explain in detail.
3. Take a stance as either the landlord or the tenant. How would the policy you selected affect you economically?What would you recommend to amend the policy in your favor?
4. Analyze the policy process of rent control policies using the Garbage Can Model or the Three Streams model.What does this tell you about the policy process? Explain with examples related to rent control.
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