How does imposing rent controls affect the number of housing

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Rent controls place price ceilings on rents at levels below market equilibrium rental rates for the stated purpose of making housing more affordable for low-income families. Using demand and supply analysis, answer the following questions:

How does imposing rent controls affect the number of housing units available to low-income families? Illustrate your response using graphs.

 

Reference no: EM13154700

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