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In a city with​ rent-controlled apartments, all of the following are true except A. it usually takes more time to find an apartment than it would without rent control. B. apartments are often in shorter supply than they would be without rent control. C. apartments usually rent for rates lower than the market rate. D. landlords have an incentive to rent more apartments than they would without rent control.

Respuesta :

In a city with​ rent-controlled apartments, landlords do not have an incentive to rent more apartments than they would without rent control.

Rent control is a form of price ceiling. A price ceiling is when the government or an agency of the government determines the maximum price of a good or service. A price ceiling is considered to be binding if it is below equilibrium price and it is considered non-binding if it is above equilibrium price.

Consequences of rent-controlled apartments

  1. There would be shortages of apartments as demand would exceed supply.  
  2. it leads to the development of black markets  
  3. It reduces the price consumers pay for an apartment. This increases consumer surplus

To learn more about a price ceiling, please check: brainly.com/question/24312330?referrer=searchResults

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