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Author Question: In a housing market with a rent ceiling below the equilibrium rent, apartment seekers spend more ... (Read 134 times)

Mimi

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on: May 24, 2019
In a housing market with a rent ceiling below the equilibrium rent, apartment seekers spend more time searching for an apartment than they would in a housing market without a rent ceiling. Why does this difference exist?
◦ In the market with the rent ceiling, renters are searching for the best buy in apartments.
◦ In the market with the rent ceiling, there is a wide variety in the quality of apartments for rent.
◦ In the market with the rent ceiling, the quantity of housing demanded is greater than quantity supplied at the ceiling price.
◦ The premise of the question is incorrect because people spend less time searching with a rent ceiling since they no longer need to look for a low-priced apartment.
◦ The premise of the question is incorrect because there is no difference in the search time between a market with a rent ceiling and one without a ceiling.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by Mimi on May 24, 2019

flexer1n1

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Mimi

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Reply 2 on: May 24, 2019
:D TYSM

okolip

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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