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Author Question: In competitive markets, price floors and price ceilings usually lead to (Read 31 times)

cyc028

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on: Oct 12, 2022

Question 1

Consider the market for rental accommodation. In the short run, the supply of this product tends to be
◦ infinitely price elastic.
◦ unit price elastic.
◦ very or completely price inelastic.
◦ very price elastic.
◦ irrelevant to the housing market price.

Question 2

In competitive markets, price floors and price ceilings usually lead to
◦ surpluses.
◦ production control by the government.
◦ shortages.
◦ more equitable distributions of commodities.
◦ a reduction in quantities exchanged.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by cyc028 on Oct 12, 2022

hariet5

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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cyc028

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Reply 2 on: Oct 12, 2022
Excellent

lcapri7

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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