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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, which of the following are common long-run outcomes? Check all that apply.
The future supply of rental housing units increases.
Efficient use of housing space results.
Non price methods of rationing emerge.
The quantity of available rental housing units falls.
what are some things that Dalman and Lei need to know about or country and business group so that they can establish a good rapport before, during, and after discussing franchise details.
Utilize the theories of international trade also investment also explain Brazil's intentions also actions regarding the international information technology sector.
q1. predict what would happen to the equilibrium price of marijuana if it were legalized. use demand amp supply
Given that a central bank is deemed a necessity in a free market economy should we leave it as it is or place more legislative controls?
The developing country uses the $100 bank balance to import $100 worth of food from the United States (US).
A road building contractor has received a major highway construction contract that will require 50,000 m^3 of crushed stone each year for 5 years. The stone can be obtained from a quarry for $7.80/m^3. As an alternative, the contractor has decided to..
Define the equilibrium price and quantity.descibe the situation at a price of $10.00.what will occur.
Suppose the monthly demand for soda by a consumer is given by Q=10 - 8P . A/ If the price of soda is $1 per can, how many sodas will the consumer purchase in a typical month? B/ what is the elesticity of demand for soda?
Calculate Max's marginal utility from snorkeling at each number of hours per day. Does Max's marginal utility from snorkeling obey the principle of diminishing marginal utility.
On January 1 2015, your savings account will be worth $259,000. Every month thereafter, you make a cash contribution of $767 to the account. If the fund is expected to be worth $410,000 on January 1, 2020 what will the annual interest rate of interes..
Assume that there are 10 million workers in Canada also that each of these workers can manufacture
Some economists suggest that the increase in e-commerce within the business-to-business (B2B) market will lead to greater competition and more goods and services becoming commodities, meaning they will compete solely on price. How do you think thi..
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