Rent controls create all of the following EXCEPT:
wasteful quality increases.
shortages.
search costs.
resource misallocations.
Rent controls create all of the following EXCEPT:
wasteful quality increases.
Rent controls typically lead to shortages, search costs, and resource misallocations, as they can discourage landlords from maintaining or improving their properties and can create an imbalance in supply and demand. However, "wasteful quality increases" is not a typical outcome of rent controls; instead, landlords may reduce the quality of their rental units due to the constraints imposed by rent