Suppose that college students in your tow persuaded the town council to enact a law settings the maximum price for rental housing at $400 per month. Will this help or hurt college students who rent housing? In your answer, address how this price ceiling will affect
(a) the quality of rental housing;
(b) the amount of rental housing available;
(c) the incentive of landlords to maintain their properties;
(d) the amount of racial, gender, and other types of discrimination in the local rental housing market;
(e) the ease with which students will be able to find housing, and, finally;
(f) whether a black market for housing would develop.