Question

Rent control, which sets apartment rents below the equilibrium price, is an example of a

Answer 1

Rent control, which sets apartment rents below the equilibrium price, is an example of a ceiling.

Answer 2

Rent control, which sets apartment rents below the equilibrium price, is an example of a GOVERNMENT-MANDATED PRICE CONTROL.

Rent control benefits the tenants because the landlord can't demand they pay higher rent under the Rent Control Act of 2009.