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Author Question: FIGURE 5-4Refer to Figure 5-4. The difference between supply curve S1and supply curve S2in this ... (Read 60 times)

sbegs

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on: Oct 12, 2022

Question 1

In free and competitive markets, shortages are eliminated by
◦ rationing.
◦ hidden markets.
◦ price increases.
◦ price decreases.
◦ government price controls.

Question 2




FIGURE 5-4

Refer to Figure 5-4. The difference between supply curve S1 and supply curve S2 in this market for apartments is that


◦ S1 is a short-run supply curve and S2 is a long-run supply curve.
◦ S2 is not affected by a government controlled rental price.
◦ S1 is a long-run supply curve and S2 is a short-run supply curve.
◦ S1 is more elastic than S2.
◦ S1 is not affected by a government controlled rental price.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by sbegs on Oct 12, 2022

tharris7314

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Reply #1 on: Oct 12, 2022
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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sbegs

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

6ana001

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

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