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wrote...
Posts: 203
3 weeks ago
Since rent control outlaws transactions the would make both the consumer and supplier better off, then rent control:

▸ causes excess demand and increases total surplus.

▸ causes inefficiency.

▸ decreases total surplus.

▸ B and C are correct.
Textbook 
Microeconomics: Principles, Applications, and Tools
Edition: 8th
Authors:
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wrote...
Posts: 210
3 weeks ago
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B and C are correct.
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