Explain whether the move will accomplish the govts goal
Course:- Microeconomics
Reference No.:- EM13236801

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The local government of singapore is concerned about increasing rental costs for residents, and decides to impose a ceilong price on the maximum rents that can be charged by landlords on apatments and houses.
Using Market analysis, examine this rationale of rent control in both the short run and long run and whether this move will accomplish the government's goal of helping make housing more affordable.Why or Why not?

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