« previous next »

Author Question: What's a direct long-run effect of imposing rent controls on apartments? A) A rise in demand for ... (Read 144 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?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Local and long–distance cell communication in animals. Local and long–distance cell communication in animals.
long bone long bone
To maintain balance the bipedal pelvis has a foreshortened ilium and is broader and bowl-shaped. The To maintain balance the bipedal pelvis has a foreshortened ilium and is broader and bowl-shaped. The
Actions of mutM, mutT, and mutY gene products in countering the mutagenic effect of 8-oxoguanine -oG Actions of mutM, mutT, and mutY gene products in countering the mutagenic effect of 8-oxoguanine -oG
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Pathway by which the nervous system controls skeletal muscle contraction Pathway by which the nervous system controls skeletal muscle contraction
Video: Vasectomy

For a complete list of videos, visit our video library