Problem
1. If you were a landlord, why would you be against rent control? A shortage occurs when the market price is below the equilibrium price.
2. Practical Application: How would the abolition of rent control reduce the housing shortage in some cities? Explain in terms of supply and demand.
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.