Question

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.

Answer 1

THIS IS A DUMBED DOWN VERSION, the other ones didnt make sense to me so here you go haha please like and rate this so people see!

Rent control is a price ceiling. The advantage to having this is that people will know that it will not raise much higher. The disadvantage is for the owner, they will not be able to get more money out of the house.

Answer 2

Rent control is a value roof. The target of controlling the costs of lease is as a rule to check the imbalance of bartering force amongst landowners and inhabitant, as a component of a base arrangement of rights to make the market reasonable. The upside of lease control is constrained lease expanded. A weakness is more tightly limitations on flat mates.