Economics A Level: What would a Maximum Rent do on a Demand Supply Diagram?

Question

What would a Maximum Rent do on a Demand Supply Diagram?

go kys · Accepted Answer

-The Idea would be that Maximum Rent would lead to Rent Price Falling and the Demand for Rental Properties to Expand and Supply to Contract
-A Shortage thus would Occur, as an Excess of Demand Exists.

Economics A Level

What would a Maximum Rent do on a Demand Supply Diagram?

-The Idea would be that Maximum Rent would lead to Rent Price Falling and the Demand for Rental Properties to Expand and Supply to Contract -A Shortage thus would Occur, as an Excess of Demand Exists.

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