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Author Question: In the presence of binding rent controls, the shortage of housing is smaller (Read 297 times)

emoedee

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In the presence of binding rent controls, the shortage of housing is smaller
◦ the lower is the elasticity of supply of housing.
◦ the greater is the difference between the equilibrium price and the rent-controlled price.
◦ the more elastic is the long-run supply of housing.
◦ the higher is the elasticity of demand for housing.
◦ the longer is the length of time the rent controls are in place.


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Marked as best answer by emoedee on Oct 12, 2022

BryanAultm

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emoedee

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it


amit

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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