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What if we tie minimum wages to a rental price ceiling?

Abbreviated Question: 
What if we tie minimum wages to a rental price ceiling?
Answer: 

Traditional economics tells us that price ceilings lead to shortages. A lower price encourages sellers to reduce the quantity they supply to the market. A lower price also encourages buyers to increase the quantity they demand. As a result, quantity demanded exceeds quantity supplied, and many potential buyers miss out.