Supply and demand in market for privately-owned apartments

Assignment Help Business Economics

Reference no: EM13998787

Consider supply and demand in the market for privately-owned apartments in Moscow. What market outcomes do you predict in this market if the University of Idaho eliminates the requirement that freshmen must live on campus?

a. Price and quantity will both decrease

b. Price and quantity will both increase

c. Price will increase, quantity will decrease

d. Price will decrease, quantity will increase

Reference no: EM13998787

Questions Cloud

Suppose that the price of oil continues to decline : Suppose that the price of oil (and gasoline) continues to decline. According to our discussion, what impact will this have on the economies of the U.S. states?

How would this be reflected in the moscow labor market : Suppose we are using the concepts of supply and demand in the labor market for nurses in Moscow. If a large number of Moscow’s nurses decide they will move to Washington to look for work, how would this be reflected in the Moscow labor market?

Supply is upward sloping and demand is downward sloping : Suppose that supply is upward sloping and demand is downward sloping. If there is a decrease in demand, total surplus:

Equilibrium price and quantity in the market for fish : Suppose the market for fish (a normal good) in the U.S. is in equilibrium. Then suppose that the workers in the fishing industry successfully negotiate for a higher wage, while at the same time average household incomes in the U.S. increase dramatic..

Supply and demand in market for privately-owned apartments : Consider supply and demand in the market for privately-owned apartments in Moscow. What market outcomes do you predict in this market if the University of Idaho eliminates the requirement that freshmen must live on campus?

Describes the evidence of impact of surge-pricing strategy : According to our discussion of Uber in class, which of the following best describes the evidence of the impact of the surge-pricing strategy?

Consumer surplus via an optimal two-part pricing strategy : A local video store estimates its average customer’s demand per year is Q = 7 − 2P, and it knows the marginal cost of each rental is $0.5. How much should the store charge for an annual membership in order to extract the entire consumer surplus via a..

Establishes quantity subsidy on the consumption of a good : If the government establishes a quantity subsidy on the consumption of a good, it means that the consumer has to pay for each unity of the good its price minus the subsidy. That is, the price of the good becomes, in the consumer’s point of view, p..

Calculate the profit or loss at the optimal volume : A large wood products company is negotiating a contract to sell plywood overseas. the fixed cost that can be allocated to the production of plywood is $800,000 per month. The variable cost per thousand board feet is $155.50 the price charged will be ..

User Account

All Pages