ng them. However, whether they actually do benefit is open to debate and a good deal of doubt. However, if we look at one type of price control, rent controls, we see that price controls are one part of the complex microeconomic equation that eventually affects change on the macroeconomic scale. Rent controls are one of the most favored forms of price controls, “If the demand curve and short-run supply curves are inelastic, then a sizable drop in rents may result in a very small shortage. The benefits to consumers will clearly outweigh the costs to the consumers. Further, the short-run supply of housing should be quite inelastic because apartment buildings take time to build an
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