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Author Question: Municipalities that have adopted the policy of rent control typically set the rentals on certain ... (Read 46 times)

Cooldude101

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on: Jul 1, 2018
Municipalities that have adopted the policy of rent control typically set the rentals on certain apartments well below equilibrium. As a result,
 
  A) landlords have a difficult time finding tenants.
  B) prospective tenants have a difficult time finding available apartments.
  C) there is a surplus of apartments.
  D) All of the above.

Question 2

Government actions can cause a
 
  A) shift in the supply curve.
  B) shift in the demand curve.
  C) reaction from firms in other countries.
  D) All of the above.
Microeconomics ¦ Perloff ¦ 8th Edition
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amanda_14

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Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

D


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