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

Author Question: Suppose the government imposes rent control (a price ceiling) below the equilibrium price for rental ... (Read 62 times)

ashley

  • Hero Member
  • *****
  • Posts: 584
on: Jun 30, 2018
Suppose the government imposes rent control (a price ceiling) below the equilibrium price for rental housing. Which of the following could result?
 a. Tenants risk breaking rent control law.
  b. The quality of existing rental housing deteriorates.
  c. Shortages.
  d. All of these.

Question 2

Suppose a price ceiling is set by the government below the market equilibrium price. Which of the following will result?
 a. The demand curve will shift to the left.
  b. The quantity demanded will exceed the quantity supplied.
  c. The quantity supplied will exceed the quantity demanded.
  d. There will be a surplus.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

olderstudent

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


ashley

  • Member
  • Posts: 584
Reply 2 on: Jun 30, 2018
Gracias!

carojassy25

  • Member
  • Posts: 299
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Negative feedback as a mechanism by which homeostatic control systems operate. Negative feedback as a mechanism by which homeostatic control systems operate.
Hormonal control of adrenal gland. CRH = corticotropin releasing hormone; ACTH = adrenocorticotropic ... Hormonal control of adrenal gland. CRH = corticotropin releasing hormone; ACTH = adrenocorticotropic ...
A wastegate is used on the first-generation Duramax diesel to control maximum boost pressure. A wastegate is used on the first-generation Duramax diesel to control maximum boost pressure.
The evaporative emission control system includes all of the lines, hoses, and valves, plus the ... The evaporative emission control system includes all of the lines, hoses, and valves, plus the ...
Internal and External Loci of Control Internal and External Loci of Control
The Hardy–Weinberg Equilibrium The Hardy–Weinberg Equilibrium
Video: Interview with Person who has Schizophrenia

For a complete list of videos, visit our video library