« previous next »

Author Question: What's a direct long-run effect of imposing rent controls on apartments? A) A rise in demand for ... (Read 140 times)

lracut11

  • Hero Member
  • *****
  • Posts: 536
on: Jun 29, 2018
What's a direct long-run effect of imposing rent controls on apartments?
 
  A) A rise in demand for rent controlled apartments
  B) A fall in demand for rent controlled apartments
  C) A fall in the supply of rent controlled apartments
  D) A rise in the supply of rent controlled apartments

Question 2

Electric utilities are often considered natural monopolies and are regulated.
 
  When would the price be highest: when the utility is not regulated, when it is regulated using an average cost pricing rule, or when it is regulated using a marginal cost pricing rule? When would its price be lowest?


joneynes

  • Sr. Member
  • ****
  • Posts: 376
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

The price would be highest if the utility was left unregulated and could set the profit-maximizing price. The price is lowest if the utility is regulated using a marginal cost pricing rule.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Effect of BPG on oxygen binding to hemoglobin. The BPG concentration Effect of BPG on oxygen binding to hemoglobin. The BPG concentration
Long-Term Potentiation Long-Term Potentiation
Effect of stimulus type on graded potentials. Effect of stimulus type on graded potentials.
Human activity has released carbon from sequestration in long-term reservoirs Human activity has released carbon from sequestration in long-term reservoirs
The effect of selection on allele frequency The effect of selection on allele frequency
The effect of frameshift mutations on a DNA sequence repeating the triplet sequence GAG The effect of frameshift mutations on a DNA sequence repeating the triplet sequence GAG
Video: Polymerase chain reaction PCR - Animation

For a complete list of videos, visit our video library