Microeconomics: Principles, Applications, and Tools (8th Edition)

Published by Prentice Hall
ISBN 10: 0-13294-886-9
ISBN 13: 978-0-13294-886-9

Chapter 6 - Market Efficiency and Government Intervention - Exercises - 6.3 Controlling Prices - Maximum and Minimum Prices - Page 147: 3.1

Answer

$\downarrow$ $\downarrow$ $\uparrow$ $\downarrow$

Work Step by Step

Rent control may increase consumer surplus at the expense of suppliers, but decreases the overall market surplus and the number of apartments available.
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