Watch the video and answer the questions:
Is rent control an example of a “price floor” or a “price ceiling?” How do you know?
Give a definition of a price floor/ceiling (whichever one this is like).
What is the unintended side-effect of rent control? Explain what happens to the QD (quantity demand) and QS (quantity supply) compared to an equilibrium price.
Do you agree with cities providing rent control to its citizens? Why or why not?
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