Rent controls force landlords to price apartments below the equilibrium price level. an immediate effect is a shortage (excess demand) of apartments because the quantity of apartments demanded is greater than the quantity supplied at the regulated price. when cities prevent landlords from charging market rents, explain briefly whether the following are common long-run outcomes and why: (i.) the quality of rental housing units falls; (ii.) the quantity of available rental housing units falls; (iii.) landlords earn lower profits from renting housing units but the rent charged has no effect on either the quantity or quality of rental units; and (iv.) black markets develop.