This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A price ceiling: a. is the lowest price that the law will allow to be charged in the market. b. is ... (Read 111 times)

robinn137

  • Hero Member
  • *****
  • Posts: 544
on: Jun 30, 2018
A price ceiling:
 a. is the lowest price that the law will allow to be charged in the market.
  b. is the highest price that the law will allow to be charged in the market.
  c. is the price that must be charged in the market.
  d. would be imposed if the government believes the market equilibrium price is too low.
  e. would only be applicable in the case of non-essential goods.

Question 2

Rent controls create distortions in the housing market by:
 a. increasing rents received by landlords
  b. raising property values.
  c. encouraging landlords to overspend for maintenance.
  d. discouraging new housing construction.
  e. increasing the supply of housing in the long run.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jointhecircus

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


robinn137

  • Member
  • Posts: 544
Reply 2 on: Jun 30, 2018
:D TYSM

sailorcrescent

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Although crassly put by the cartoonist, behind the glass ceiling lies this background assumption. Although crassly put by the cartoonist, behind the glass ceiling lies this background assumption.
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
Calculate the amount of interest that will be charged on $9000.00 borrowed for four months at ... Calculate the amount of interest that will be charged on $9000.00 borrowed for four months at ...
Iraqi market Iraqi market
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Video: Regulation of GFR: autoregulation via myogenic mechanism Myogenic mechanism

For a complete list of videos, visit our video library