Problem
Price Ceilings
You are on the city council and are considering a law to control rents below the free-market rent. What would be the effect of this rent control law in the short-run? In the long run? Be sure to explain why you think these effects will occur. Use a price ceiling graph in your explanation. Tell how you would vote and why.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.