Assignment: Discussion of Price Ceilings (Rent Control) Now that exam #1 is behi

Assignment: Discussion of Price Ceilings (Rent Control)
Now that exam #1 is behind you, you have a better understanding of how demand/supply work and how markets may be distorted by government price floors and ceilings. Chapter #4 of your textbook covers more broadly government intervention in the market (i.e., price ceiling and price floor).
For this assignment, you have to read the Fisher study attached herewith on the impacts of price ceilings on housing supply. The study is quite relevant since the very question of an expansion of rent control was passed by the California legislature in 2018 in the form of AB 1482. (Links to an external site.)
This assignment has 2 parts, Part (1): you are to post a response to the following situation on this discussion board:
You and your fellow students are hosting a legislation debate night. Pretend you are presenting your argument in favor, or against expanding rent control statewide. Use economic arguments to support your case.

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