Suppose that the state of New York abolished rent control. A friend of yours who lives there complains about the higher apartment rents that result. This friend has never taken an economics class. Explain to your friend why the apartment market is now more efficient because rent control was abolished. Your explanation should be two paragraphs long and contain a visual, such as a graph or table, that illustrates your argument. Include in your answer a brief discussion of whether you think your analysis is likely to affect your friend’s opinion of rent control.