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 81 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
Thanks for the timely response, appreciate it

Animal_Goddess

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

An example of a homeostatic control system. An example of a homeostatic control system.
The control of cellular respiration The control of cellular respiration
A) Male body louse. (Courtesy of the Centers for Disease Control and Prevention/Frank Collins, Ph.D. ... A) Male body louse. (Courtesy of the Centers for Disease Control and Prevention/Frank Collins, Ph.D. ...
Correlations between scores on a psychology test and number of boiled kumquats eaten per month Correlations between scores on a psychology test and number of boiled kumquats eaten per month
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Negative Feedback and Temperature Control Negative Feedback and Temperature Control
Video: Pasteur's Experiment

For a complete list of videos, visit our video library