What is likely to be maria''s short-run response

Reference no: EM131182090

Maria rents on a month-to-month basis an apartment that she can barely afford, in a market where apartments are hard to find. Her landlord announces that she is doubling the rent, effective immediately. What is likely to be Maria's short-run response (say, over the next few days or weeks)? What might be her likely long-run response (over the next few months)?

Reference no: EM131182090

Questions Cloud

Will the buyer succeed in recovering the excess : The buyer didn't commence action to recover the excess payment until some nine months after delivery. Will the buyer succeed in recovering the excess?

General conclusion of studies carried out on it : (i). Outline the approach adopted by Shiller to test for excessive volatility and state the criticisms of his work. (ii). State one difficulty of testing the strong form of the efficient market hypothesis and state the general conclusion of studies..

Discuss how these goals link to your longer term goals : Professionalism skills for workplace success 4e Personal Brand Statement and Goals for the course— Write a memo with your statement of the personal brand you would like to establish as a professional AND of 3 to 5 SMART goals for what you would like ..

Profit-and-loss effects under given conditions : Assume MGRM was able to use hedge accounting. Answer either Questions 5 or 6, but this time, show the profit-and-loss effects under the given conditions?

What is likely to be maria''s short-run response : What is likely to be Maria's short-run response (say, over the next few days or weeks)? What might be her likely long-run response (over the next few months)?

Compute the inventory at april on first-in first-out bases : Compute the inventory at April 30 on each of the following bases. Assume that perpetual inventory records are kept in units only. Carry unit costs to the nearest cent.

Firm would take advantage of a new company credit : A consulting firm had predicted that 29? - % of the employees at a large firm would take advantage of a new company Credit?

Treasury-bond futures contract with initial margin : You purchase a Treasury-bond futures contract with an initial margin requirement of 30% and a futures price of $123,900. The contract is traded on a $100,000 underlying par value bond. If the futures price falls to $107,200, what will be the percenta..

What is the effect on the buyer''s purchase of normal goods : What is the effect on the buyer's purchase of normal goods? Of inferior goods? Is there a substitution effect?

User Account

All Pages