The competitive equilibrium rent in a standard two bedroom apartment in lawrence (a city) is $600. now suppose the city council imposes a rent control law, imposing a price ceiling of $500. what is the impact of the rent control law?
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Home » Business » The competitive equilibrium rent in a standard two bedroom apartment in lawrence (a city) is $600. now suppose the city council imposes a rent control law, imposing a price ceiling of $500. what is the impact of the rent control law?