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

Author Question: Suppose the market clearing rent is 500 per month, but a rent control is established at 400 per ... (Read 83 times)

saraeharris

  • Hero Member
  • *****
  • Posts: 546
on: Jun 29, 2018
Suppose the market clearing rent is 500 per month, but a rent control is established at 400 per month. Which is most likely to emerge?
 
  A) The demand for apartments would increase.
  B) The supply of apartments would increase.
  C) The scarcity of apartments would decrease.
  D) The quantity of apartments demanded would exceed quantity supplied.

Question 2

Which of the following is NOT held constant while moving along a supply curve?
 
  A) expected future prices
  B) the number of sellers
  C) the price of the good itself
  D) prices of factors of production


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jsherida

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


saraeharris

  • Member
  • Posts: 546
Reply 2 on: Jun 29, 2018
:D TYSM

bitingbit

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Relatively simple changes in Hox genes control limb formation in tetrapods. Relatively simple changes in Hox genes control limb formation in tetrapods.
Hormonal control of parturition. Hormonal control of parturition.
Mechanism involved in renal control of blood pressure Mechanism involved in renal control of blood pressure
Control of the Membrane Potential Control of the Membrane Potential
Schematic of a typical electronic throttle control (ETC) system. Note that terminal #5 is always ... Schematic of a typical electronic throttle control (ETC) system. Note that terminal #5 is always ...
Gene Expression Control in a Fly Gene Expression Control in a Fly
Video: Introduction to Insulin

For a complete list of videos, visit our video library