This topic contains a solution. Click here to go to the answer

Author Question: A price ceiling: a. is the lowest price that the law will allow to be charged in the market. b. is ... (Read 115 times)

robinn137

  • Hero Member
  • *****
  • Posts: 544
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
Answer to Question 1

b

Answer to Question 2

d




robinn137

  • Member
  • Posts: 544
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


Dinolord

  • Member
  • Posts: 313
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

For a complete list of videos, visit our video library