In four or more sentences, explain if rent control is a price floor or price ceiling. Then explain one advantage and one disadvantage of rent control.

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asked May 14, 2018 211k views

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Pixelbadger · Answer 1 · 2018-05-19T03:57:31+0000

rent control is a price ceiling. The objective of controlling the prices of rent is usually to counteract the inequality of bargaining power between landlords and tenant, as part of a minimum set of rights to make the market fair. Advantage of rent control is limited rent increased. A disadvantage is tighter restrictions on roommates.

In four or more sentences, explain if rent control is a price floor or price ceiling. Then explain one advantage and one disadvantage of rent control.

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