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 122 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
Gracias!

bbburns21

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Control of blood glucose by pancreatic hormones. Control of blood glucose by pancreatic hormones.
An ob/ob mouse and a control mouse. An ob/ob mouse and a control mouse.
Control of the anterior and posterior pituitary by the hypothalamus. Control of the anterior and posterior pituitary by the hypothalamus.
Long Term Control Medications Long Term Control Medications
Control you knife with one hand and hold the item being cut with the other (3 of 3) Control you knife with one hand and hold the item being cut with the other (3 of 3)
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Video: Apicomplexan life cycle Animation

For a complete list of videos, visit our video library