a) what is the economic concept that we learned in class that is associated with Rent Control? Explain it.

b) Introducing rent control into the economy will "artificially" force what concept that is discussed in chapter 2 to come about? Explain it and use the labor market as an example in your explanation.

c) Use your example to provide two economic arguments for or against the implementation of the minimum wage in Toronto, Canada.

d) If there is an increase of government regulations among firms in the labor market, will the supply curve or demand curve shift?

e) Would there be an increase or decrease?

f) What effect could this shift have on the minimum wage situation?