Question

W200401 U INQUIZITIVE Chapter 6: Price Controls e Page 192 6.2. What effects do price ceilings have on economic activity? Rent control is an ineffective way for local city governments to provide affordable housing to low-income residents. Click or tap "True" or "False" to answer the question. False True

Answer 1

True, because -Supply and demand for housing are relatively inelastic in the short run so, Small shortage hence Reduced rents.

in Long run Landlords Are not constructing  new apartments hence failing to maintain existing ones
People Find their own apartments Induce more people to move into a city Large shortage of housing.