Explain the purpose of rent control and the intended effect, Ask an Expert

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1. Explain the purpose of rent control and the intended effect on consumers and suppliers of rental property. Does rent control achieve its purpose?
2. Using the Internet or the Virtual Library, give some detail regarding real-world experiments in rent control policy and their effect on consumers and suppliers of rental property.
3. How do rent control policies alter incentives for consumers and producers in the market for rental property?

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