Question: A. Using a carefully labeled supply and demand graph, illustrate the effect of rent control laws in New York City since World groups of people.

A. Using a carefully labeled supply and demand graph, illustrate the effect of rent control laws in New York City since World groups of people. War II under conditions of rising costs and rising demand. Use brackets, arrows, and labels to show the effect on different B. As described in class, carefully explain how nice and nasty landlords are rewarded or punished under market conditions and how this can change under rent control. Be thorough for full credit. 1) Nice landlords market: rent control: 2) Nasty landlords market: rent control: C. List and carefully explain significant groups of winners and losers as a result of rent controls. Winners: Carefully explain each: Losers : M

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