Is this a demand issue or supply issue

Assignment Help Microeconomics
Reference no: EM13116540

1. Why does rent control result in a shortage of rental units?

2. Any time there is a shortage of a good it means that the price is too low. Analyze this statement.

3. The governement's "war on Drugs" has been a complete failure. Is this a demand issue or supply issue? Depending upon your answer, what would be a more economically efficient way of approaching the problem

Reference no: EM13116540

Questions Cloud

Compute probability that first card is a spade : Three cards are randomly selected from an ordinary deck of cards without replacement Compute the probability that the first card is a spade given that the second and third are spades.
Elucidate what is the work done : A block is being pulled by a rope with a force of 24 N. The rope has an angle of theta=20 degrees from the horizontal. The block moves a distance of 11 m. Elucidate what is the work done?
What is the equilibrium concentration of hydronium ion : What is the equilibrium concentration of hydronium ion in a solution that is 0.041 M in HF and 0.19 M in F1- ion.
What amount received by rational person : If the market rate of interest is 10%, a rational person would just as soon receive $1,100 three years from now as what amount today (round to the nearest dollar)?
Is this a demand issue or supply issue : Why does rent control result in a shortage of rental units and any time there is a shortage of a good it means that the price is too low. Analyze this statement.
How many grams of potassium bromide are required : how many grams of potassium bromide are required to prepare 350 mL of a .200 M solution.
Explain how many meters will the car have moved : A child suddenly runs into the street. If it takes the driver 0.80 s to react and apply the brakes, explain how many meters will the car have moved before it begins to slow down?
How to conclude that state employees earn less : A standard deviation of $1500. at the 0.01 level of significance, can it be concluded that state employees earn on average less than federal employees?
Changing currency value and its effect on trade : Explain how a rise in the euro might affect a French company exporting wine to the U.S., and compare that to the impact on a German firm importing semiconductors from the U.S.

Reviews

Write a Review

 

Microeconomics Questions & Answers

  Multiple choice questions - principle of microeconomics

Movie theaters often offer decreased rates for children under ten. This suggests that tht demand for adult admission is

  Open market transactions by federal reserve

Assume that the Federal Reserve sells government securities from its existing holdings to financial sector and non bank public. Trace by the expected consequences of this secondary market action on banking system

  Analysis of handgun laws

Few states in the U.S. permit citizens to openly carry handguns. People can save themselves in the case of robberies or harm by using these guns.

  Concept of profit maximization and total costs

Suppose you are the manager of College computers, a producer of customized computers that meet specifications needed through the local university.

  Determine the defender lowest euac

Determine the defender's lowest EUAC what is the challenger's economic life? When, if at all, should we replace the defender with thechallenger?

  Analyse what happens in the market for beans

what happens in the market for oil and what happens in the market for sports utility vehicles as a result of the war.

  Economic costs and benefits for project

Economic costs and benefits for project

  Determining two variables of price

The demand for new homes in the United States is often described as highly cyclical and very sensitive to housing prices and interest rates.

  Economics in global environment

Suppose You have been employed by an unprofitable company to determine whether it should shut down its unprofitable operation.

  Concepts of scarcity and opportunity costs

Could you identify and describe the concepts of scarcity and opportunity costs. Also, explain the laws of supply and demand and how they are related to the concepts of scarcity and opportunity costs in decision-making.

  What is the monopolist profit maximizing level of output

Assume a monopolist faces the following demand curve: P = 180 - 4Q. Marginal cost of production is stable and equal to $20, and there're no fixed costs. What is the monopolist's profit maximizing level of output?

  Holistic view of student in terms of standardized assessment

Discuss why is it important to think that the holistic view of a student in terms of standardized assessment and how would the results of your interpretation effect educational decisions for the student?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd