Which of these is NOT a typical consequence of rent control?
A)a reduction in the quantity of apartments rented below the efficient level
B)an efficient allocation of apartments among would-be renters
C)wasted time and effort, as people search for apartments
D)poor maintenance of apartments by landlords

Question

Quizplus · Accepted Answer

Rent control typically leads to a reduction in the quantity of apartments rented below the efficient level, wasted time and effort as people search for apartments, and poor maintenance of apartments by landlords. It does not typically lead to an efficient allocation of apartments among would-be renters.

Which of These Is NOT a Typical Consequence of Rent