Why does rent control result in a shortage of rental units, Ask an Expert

Economics

1. Why does rent control result in a shortage of rental units?

2. Any time there is a shortage of a good it means that the price is too low. Analyze this statement.

3. The governement's "war on Drugs" has been a complete failure. Is this a demand issue or supply issue? Depending upon your answer, what would be a more economically efficient way of approaching the problem

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9396762

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