Homework: Macroeconomics Rent Control
Use an article that discusses "rent control" from the Internet or library sources as a reference for this exercise.
• On a separate sheet of paper:
o draw a clear example of a surplus, show price, quantity, supply, demand, and equilibrium.
o draw a clear example of a shortage, show price, quantity, supply, demand, and equilibrium.
• Write a 2-paragraph summary of the article.
• Answer the following general questions AFTER your summary report:
o What positive impact did rent control have on the environment in your article?
o What negative impact did rent control have on the local market environment?
o Were there any solutions proposed? If so, what were they? If not, what would you propose to solve the housing problem?
Format your homework according to the give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the homework, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.