This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The long-run elasticity of supply of rental housing is greater than the short-run elasticity of supply because (Read 65 times)

billyboy7272

  • Full Member
  • ***
  • Posts: 149
on: Oct 12, 2022

Question 1

The short-run supply for rental housing is quite ________ while the long-run supply for housing is quite ________.
◦ inelastic; inelastic
◦ elastic; inelastic
◦ inelastic; elastic
◦ elastic; elastic
◦ flat; steep

Question 2

The long-run elasticity of supply of rental housing is greater than the short-run elasticity of supply because
◦ investment in new rental housing has such a short payback period.
◦ changes in supply occur only after investment decisions are made regarding, for example, new construction or conversion of rental housing to other uses.
◦ the demand for rental housing is changing continuously.
◦ in the long run, landlords have no incentive to alter the supply of rental housing.
◦ changes in supply can occur very quickly, especially when rent controls are in place.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by billyboy7272 on Oct 12, 2022

Nutellas_Good

  • Full Member
  • ***
  • Posts: 156
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.
Answer Preview
Only 29% of students answer this correctly


billyboy7272

  • Member
  • Posts: 149
Reply 2 on: Oct 12, 2022
Wow, this really help

dyrone

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Features found in a long bone. Features found in a long bone.
fMRI Machine It is not until after toddlerhood that most children can lie still long enough to have fMRI Machine It is not until after toddlerhood that most children can lie still long enough to have
Feng Mengbo, Long March: Restart. Feng Mengbo, Long March: Restart.
Part of a Semantic Network in Long-Term Memory Part of a Semantic Network in Long-Term Memory
The Hotair long noncoding RNA regulates chromatin The Hotair long noncoding RNA regulates chromatin
Video: Bipolar Disorder

For a complete list of videos, visit our video library