Final answer:
Rent control is an affordable housing control that places a limit on the amount a landlord can demand for rental dwellings.
It is a price ceiling that may have unintended consequences such as reducing the number of rental units available in an area.
Step-by-step explanation:
Rent control is an affordable housing control that places a limit on the amount a landlord can demand for rental dwellings.
It is a price ceiling that usually works by stating that landlords can raise rents by only a certain maximum percentage each year.
Rent control policies are implemented by local, state, or national governments to ensure housing affordability for families.
Rent control is an example of a policy that imposes price controls.
While it may seem to benefit renters, it can have unintended consequences such as reducing the number of rental units available in an area, which can lead to a decrease in housing availability for potential renters.