This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Sherry wants to rent an apartment. Although rents are below what she is willing to pay, she cannot ... (Read 105 times)

codyclark

  • Hero Member
  • *****
  • Posts: 538
on: Jun 29, 2018
Sherry wants to rent an apartment. Although rents are below what she is willing to pay, she cannot find an apartment. Then after a month of searching, she finds an apartment but she has to pay an additional 1,000 to have the locks changed.
 
  Sherry has just experienced the effects of ________. A) a rent floor with a black market
  B) inelastic demand
  C) a market working efficiently
  D) a rent ceiling

Question 2

If the demand curve for a good is a downward sloping straight line, the demand for the good will be more price elastic the higher is the
 
  A) price of the good.
  B) price of complements.
  C) income of consumers.
  D) income elasticity of demand for that good.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

wilsonbho

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


codyclark

  • Member
  • Posts: 538
Reply 2 on: Jun 29, 2018
:D TYSM

nathang24

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Video: Medullary osmotic gradient - influencing factors

For a complete list of videos, visit our video library