What happens to the rental prices in the suburbs

Reference no: EM13225049

A central city imposes a rent control law that places a binding ceiling on the rent that can be charged for an apartment. The suburbs of this city do not have aren't control law. What happens to the rental prices in the suburbs and to the equilibrium number of apartments in the total metropolitan area, in the city, and in the suburbs?

Reference no: EM13225049

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