Homework SourseRent control forces one group to pay the main costs of a soc
Rent control
forces one group to pay the main costs of a social goal
In the supply and demand framework, equilibrium exists
| is opposed by economists because they are opposed to the idea of affordable housing |
Solution
1) Rent Control is a form of price ceiling where the prices of rent can\'t be increased above a certain point.
The first option is wrong no one is against the idea of affordable housing. The second option claims it to be a rent floor but rent ceiling will be the right option.
The third option is wrong because it is not seen as an effective way to keep rent low, but a distorted version which is preventing the house owners to get the full value of their home.
The correct answer to this question is \"D\" Fors one group the flat owners to pay the price for the social goal of affordable housing.
2) The correct answer to this question is \"D\" Equilibrium is a point where the demand and supply are equal.
