Author Question: Suppose the market clearing rate for apartments in Yazoo City, Mississippi is 400 per month, but a ... (Read 94 times)

altibaby

  • Hero Member
  • *****
  • Posts: 562
Suppose the market clearing rate for apartments in Yazoo City, Mississippi is 400 per month, but a rent control is set at 600 per month. Which of the following would tend to occur in the community?
 
  A) A shortage of apartments
  B) An increase in the quantity demanded for apartments
  C) Both of the above.
  D) Neither of the above.

Question 2

Refer to the scenario above. Which of the following is true in this case?
 
  A) Firm A's dominant strategy is to choose Strategy X.
  B) Firm B's dominant strategy is to choose Strategy Y.
  C) Firm A chooses Strategy X if Firm B chooses Strategy Y.
  D) Firm A chooses Strategy Y if Firm B chooses Strategy Y.



micaelaswann

  • Sr. Member
  • ****
  • Posts: 314
Answer to Question 1

D

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

For a complete list of videos, visit our video library