Question
When you answer the discussion question make sure you bring the supply and demand for apartments into the rent control discussion. There are still cities
When you answer the discussion question make sure you bring the supply and demand for apartments into the rent control discussion. There are still cities that have rent control laws, New York City being the biggest. You have to answer all three parts of the question to maximize your grade. You should label each part as a paragraph as was required in prior discussion questions. For paragraph a), talk about the consumers who are lucky enough to get rent controlled apartments and those that are not. Discuss the effects of rent control on the apartment market. For paragraph b), discuss what other methods would be used to allocate rent controlled apartments beside the lower price for those apartments. For paragraph c), cost/benefit analysis of the good and the bad of rent control that takes into account the consumer's and supplier's costs/benefits
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