Rent Control Applies to About Two-Thirds of the Private Rental

Multiple Choice

Rent control applies to about two-thirds of the private rental housing in New York City. Economic theory suggests that a below-equilibrium price established by rent control:

A) creates a surplus of rental housing.
B) promotes a rapid increase in the future supply of housing.
C) results in poor service and quality deterioration of many rental units.
D) leads to a reduction in housing discrimination against minorities.