[Related to the Chapter Opener] The competitive equilibrium rent in the city of Lowell is currently $1,000 per month. The government decides to enact rent control and to establish a price coiling for apartments of $750 per month. Briefly explain whether rent control is likely to make each of the following people better or worse off. Someone currently renting an apartment in Lowell O A. wil be better off if they keep their apartment because rent is lower due to the price ceiling. O B. will be worse off if they lose their apartment. O C. will be better off regardless of whether they keep their apartment because rent is lower due to the price ceiling O D. will be worse off regardless of whether they keep their apartment because there is a shortage of apartments. O E. both a and b. Someone who will be moving to Lowell next year and who intends to rois an apartment O A. will be better off if they are able to find an apartment to rent because rent is lower due to the price ceiling. O B. will be worse off if they are unable to find an apartment to rent. O C. will be worse off regardless of whether they find an apartment to rent because there is a shortage of apartments. O D. will be better off regardless of whether they find an apartment to rent because rent is lower due to the price ceiling. O E. both a and b. A landlord who intends to abide by the rent control lawA landlord who intends to abide by the rent control law O A. will be worse off because he will be receiving less rent. O B. will be worse off because there will be a shortage of apartments. O C. will be better off because he will be receiving more rent. O D. will be better off because there will be a shortage of apartments. O E. both a and b. A landlord who intends to ignore the law and illegally charge the highest rent possible for his apartments O A. will be better off if he does not get caught because that amount will be above the equilibrium. O B. will be worse off if he gets caught. O C. will be worse off regardless of whether he gets caught because that amount will still be below the equilibrium. O D. will be better off because the highest rent possible and the price ceiling are both above the equilibrium. O E. both a and b