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Can you inform me about what the graph should look like and also part B. Thanks

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4. (1 point) Price Ceilings and Floors The state of California is poised to enact rent control for the entire state, limiting annual rent increases to inflation-plus-S percent and
tightening the restrictions on eviction of tenants for the purpose of finding new tenants who will pay a much higher rent. A recent article
on the bill is at https://www.nytimes.com/2019/O9/1l/business/economy/california-rent-control.html. Poll 100 economists and well over
90 of them will tell you "rent control is bad.” (Search ”economists rent control" and you’ll find a bevy of articles about how and why
economists hold this opinion.) A. At the right, draw a graph that depicts the effect of rent control
on the market for rental housing. Assume the supply of housing
is upward sloping but not vertical. Be sure to label everything
clearly. If your labels are clear, there’s no further explanation or
words needed for part A. B. In the absence of rent control, who is able to rent an
apartment? Is your answer different in the presence of rent
control? Answering that second question requires you to think
about (and make explicit in your answer) the mechanism by
which available apartments are allocated.

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