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Author Question: FIGURE 5-4Refer to Figure 5-4. Suppose the government sets a rent ceiling at $900. In this ... (Read 123 times)

connormoss

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Question 1




FIGURE 5-4

Refer to Figure 5-4. Suppose the government imposes a rent-controlled price of $600 per month on apartments in this city. In the long run we can expect the shortage of apartments to be ________ units.


◦ 200
◦ 0
◦ 1000
◦ 300
◦ 800

Question 2




FIGURE 5-4

Refer to Figure 5-4. Suppose the government sets a rent ceiling at $900. In this situation, the rental price for an apartment is


◦ any rent above $900.
◦ $900.
◦ any rent below $600.
◦ $600.
◦ the same as the free-market equilibrium rental price.


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Marked as best answer by connormoss on Oct 12, 2022

khammond77

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connormoss

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review


raili21

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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