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