The competitive equilibrium rent in the city of Lowell is currently $1,000 per month. The government decides to enact rent control and establish a price ceiling of $750 per month for apartments. Briefly explain whether rent control is likely to make each of the following people better or worse off.
a. Someone currently renting an apartment in Lowell
b. Someone who will be moving to Lowell next year and who intends to rent an apartment

c. A landlord who intends to abide by the rent control law
d. A landlord who intends to ignore the law and illegally charge the highest rent possible for his apartments.