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Rent controls force landlords to price apartments below the equilibrium price level. An immediate effect is a shortage (excess demand) of apartments, because the quantity of apartments demanded is greater than the quantity supplied at the regulated price.
When cities prevent landlords from charging market rents, which of the following are common long-run outcomes? Check all that apply.
The future supply of rental housing units increases.
Efficient use of housing space results.
Non price methods of rationing emerge.
The quantity of available rental housing units falls.
Utilize the theories of international trade also investment also explain Brazil's intentions also actions regarding the international information technology sector.
Illustrate what is the probability which at least one of the 5000 funds outperforms the market in 5 consecutive years, 10 consecutive years and 20 consecutive years.
Suppose that in year 2008, the money supply is $400 billion, nominal GDP is 9 trillion, and real GDP is $4 trillion. Illustrate what is the price level. What is the velocity of money.
Outline the potential pros and cons of the three key strategies for developing foreign markets: exporting, licensing and franchising, and direct investment
What is "monopolistic" about monopolistic competition? What is "competitive" about a monopolistically competitive market? Please explain.
q.1. predict what would happen to the labor force participation rate of women if wages for women decreased. explain.2.
A lawn service company has the following production possibilities. With one, two, three, and four workers, the company can mow 4, 9, 12, and 14 lawns per day, respectively
Externalities Public Goods Lack of Information in the market Too much competition all the above are reasons for market failure
Fair weather helps produce the best crop of peanuts in a decade. Which determinant of cumulative demand causes the change
If nominal GDP in some year is $280 and real GDP is $160. The GDP price index for that year is.
q1. jane wants to buy a beautiful doll as a gift for her sisters birthday. she knows that the same product is offered
Since producers must be compensated for the rising opportunity cost that accompanies increases in output,
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