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Author Question: When a government mandate sets the rental price of an apartment below the market clearing level, ... (Read 88 times)

Bernana

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on: Jun 29, 2018
When a government mandate sets the rental price of an apartment below the market clearing level, which of the following result?
 
  A) More apartments are rented.
  B) Landlords attempt to make up for the lower rental income by charging more for security deposits and cleaning fees.
  C) Landlords discriminate less.
  D) Landlords address their tenant's requests in a more prompt manner.

Question 2

Refer to the scenario above. What can Edward do to induce the housekeeper to work regularly?
 
  A) Pay an efficient wage
  B) Pay a lower money wage
  C) Pay a lower real wage
  D) Pay the minimum wage that the housekeeper would accept


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Laurenleakan

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


Bernana

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

mohan

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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