Question
In a report published onThe Brookings Institution's website Rebecca Diamond (2018) findsRent control appears to help affordability in the short run for current tenants, but
In a report published onThe Brookings Institution's website Rebecca Diamond (2018) finds"Rent control appears to help affordability in the short run for current tenants, but in the long-run decreases affordability, fuels gentrification, and creates negative externalities on the surrounding neighborhood."
This finding is consistent with the specific economic theory discussed in the course that
Selected Answer: All of the above
Answers: price ceiling set below theequilibrium priceleads to shortage
price ceiling set above the equilibrium price leads to surplus
price ceiling has a negative effect regardless of where it is set relative tothe equilibrium price
All of the above
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