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 the below-equilibrium prices established by rent controls would

A) create a surplus of rental housing.
B) promote a rapid increase in the future supply of housing.
C) result in poor service and quality deterioration of many rental units.
D) lead to a reduction in housing discrimination against minorities.