Price Ceiling Discussion Response

This week you will be discussing price floors and you could use minimum wage as an example. You should look at the consequences of the implementation of minimum wage, pick one and expand on the impact. The next person posting will expand on a different consequence so that we avoid repetition. You could expand on something that has already been posted but make sure that your post adds information and is not repetitive. You should also include a live link to an article supporting your position. (post max = 200 words)

OR

you could follow the same approach to a price ceiling using rent control as an example. Why has rent control been implemented, what are the short term and long term consequences of having rent control? Post one one consequence at a time to avoid repetition and include a live link to an article supporting your position. (max post=200 words)