Question

In cities with rent controls, the actual rents paid can be ________ than the legal maximum. One explanation for this is because there is a ________ of apartments, tenants are ________.

Answer 1

Answer:

higher,  shortage, often are willing the pay rents higher than the law allows

Explanation:

In cities the actual rent paid can be higher than legal rent rate this is because as when there is shortage of housing facilities people tend to pay high rents than legal rents to get apartment and house facilities. It is economic market phenomena that when there is shortage of any thing its prices rises, similar is case with apartment when there is shortage of apartment, its rent become higher.