Rent control applies to about two-thirds of the private rental housing in New York City. Economic theory suggests that a below-equilibrium price established by rent control:
a. creates a surplus of rental housing.
b. promotes a rapid increase in the future supply of housing.
c. results in poor service and quality deterioration of many rental units.
d. leads to a reduction in housing discrimination against minorities.
c
Economics
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Hedge funds have been criticized for
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Economics