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Price Ceilings: Rent Controls
9:43
YouTubeMarginal Revolution University
Price Ceilings: Rent Controls
Rent controls are a type of price ceiling. We’ll use our diagram to show how rent controls create shortages by reducing the supply of apartments available on the market. Rent controls also result in reduced product quality, since they reduce the returns to landlords from renting apartments. Landlords respond by cutting costs or performing ...
161.9K viewsFeb 26, 2015
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