Rent control is an example of a price ceiling. We can see both positive and negative consequences of this form of government intervention. In your group you should address one of the following issues relating to rent control, put forth one argument and expand on the short and long run consequences.
Why was rent control imposed? Give examples of where it has and where it has not worked. Pick one positive or negative consequence of rent control and expand on the consequences. What is your position on rent control?