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Suppose that college students in your town persuaded the

Suppose that college students in your town persuaded the town council to enact a law setting the maximum price for rental housing at $200 per month. Will this help or hurt college students who rent housing? In your answer, address how this price ceiling will affect

(a) the quality of rental housing,

(b) the amount of rental housing available,

(d) the amount of racial, gender, and other types of discrimination in the local rental housing market,

(e) the ease with which students will be able to find housing, and finally, (f) whether a black market for housing would develop.

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Solution Preview :

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Microeconomics: Suppose that college students in your town persuaded the

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Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

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Microeconomics: Suppose that college students in your town persuaded the

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Recent Questions Asked Microeconomics

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