About his housing policy from other members in city council

Assignment Help Business Economics

Reference no: EM131241165

The city mayor of Edmond, Charles Lamb, recently has been questioned about his housing policy from other members in City Council. The average rent for a single family house in Edmond is rapidly increasing in the past three years. One proposed solution is rent control. The idea is to set up a price ceiling for the rent in the city of Edmond (for instant, normally tenants pay $1000-$2000 a month for a 1500 -2000 sqft single family house. Rent control can limit the price to be under $800 per month). What is your suggestion to Mayor Lamb based on the knowledge you learned in Microeconomics. (Hint: A shortage in the market)

Reference no: EM131241165

Questions Cloud

Provide information about current or former employees : The area of common law that makes employers very reluctant to provide information about current or former employees when another employer calls them to conduct a background check is?

Determine its closed-loop transfer functions : Determine the range of K that will make this unity feedback system stable using Routh-Hurwitz criterion - determine its closed-loop transfer functions - If you are required to improve its transient response, will you choose a PI, a PD, a PID, a pha..

Calculate the price of a european call option on a bond : Suppose that a = 0:05, b = 0:08, and σ = 0:015 in Vasicek's model with the initial short-term interest rate being 6%. - Calculate the price of a 2.1-year European call option on a bond that will mature in 3 years.

Calculate the quick ratio for your company and competitor : Calculate the quick ratio for your company and competitor. Which ratio (current or quick) do you think provides a better reference for your company's health? Why?

About his housing policy from other members in city council : The city mayor of Edmond, Charles Lamb, recently has been questioned about his housing policy from other members in City Council. The average rent for a single family house in Edmond is rapidly increasing in the past three years. One proposed solutio..

How dubus builds tension and suspense in the story : Story of an Hour - "She was beginning to recognize this thing that was approaching to possess her, and she was striving to beat it back with her will..." (Chopin, 1894, 15). What is "this thing"? Why does Mrs. Mallard attempt to "beat it back"?

Calculate the price of a european call option on a bond : Suppose that a = 0:05, b = 0:08, and σ = 0:015 in Vasicek's model with the initial short-term interest rate being 6%. Calculate the price of a 2.1-year European call option on a bond that will mature in 3 years.

Balls roll down a set of very low friction tracks : Two balls roll down a set of very low friction tracks, taking different paths, but ending at the same vertical height. The ball reaches the end of TrackBbefore it reaches the end of TrackA. Which ball is moving faster at the end of each track?

How does law prohibiting kidney sale affect : What dose the supply and demand for human kidneys looks like? If a market in kidneys were legal, who would get them? How does a law prohibiting kidney sale affect the quantity of kidney transplants or their distribution?

User Account

All Pages