Asked by Noelle Leipold on May 27, 2024
Verified
Rent controls only affect the demand side of the rental market.
Rent Controls
are government-imposed limits on the amount landlords can charge tenants for rent.
- Analyze the effect of taxes on supply and demand in specific markets such as rental and luxury goods markets.
Verified Answer
ND
Nischal DevkurranJun 01, 2024
Final Answer :
False
Explanation :
Rent controls affect both the demand and supply sides of the rental market. They can increase demand by making rentals more affordable but can also decrease supply as landlords may find it less profitable to rent out properties or to invest in new rental units.
Learning Objectives
- Analyze the effect of taxes on supply and demand in specific markets such as rental and luxury goods markets.