producers will respond to the lower price by offering fewer units for sale every

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producers will respond to the lower price by offering fewer units for sale every period QUESTION 20 5 points One economist has argued that rent control is "the best way to destroy a city, other than bombing." Why would an economist say this? He fears that the widespread availability of low rent apartments will cause low-income people to move into the city, reducing the average standard of living in the city He fears that rent control will eliminate the incentive to maintain buildings, leading to a deterioration of the city He fears that rent co city He fears that rent controls will cause a construction boom, which will make the city crowded and more polluted. ntrol will benefit landlords at the expense of tenants, increasing inequality in the Save All AnswerSave Click Save and Submit to save and submit. Click Save All Answers to save all answers.

Explanation / Answer

Option b.

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