Asked by
Javon Young
on Nov 17, 2024Verified
Since one effect of rent controls is to reduce the supply of available rental properties, rent controls can contribute to the problems of homelessness in cities with rent controls.
Rent Controls
Government-imposed limits on the rent that landlords can charge tenants, intended to keep housing affordable.
Homelessness
The condition of people without a permanent dwelling, such as a house or apartment, often unable to acquire and maintain regular, safe, and adequate housing.
- Evaluate the impact of government interventions such as taxes, price ceilings, and floors on market outcomes.
Verified Answer
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Learning Objectives
- Evaluate the impact of government interventions such as taxes, price ceilings, and floors on market outcomes.