The outcome of the ceiling price $800 rent is that the quantity supplied will remains at the same.
<h3>What is a price ceiling?</h3>
This refers to a price order by the government that keeps a price from rising above a certain level known as the “ceiling”.
In the graph, the horizontal line at the price of $800 shows the maximum price set by the rent control law.
The forces that shifted the demand curve to the right are still there, but, at this price, the quantity supplied will remains at the same 15,000 rental units although the quantity demanded is 19,000 rental units.
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Answer:
C.
It is found where the supply curve meets the demand curve
N<u>o</u><u>, because all </u><u>compensation</u><u> must come through your </u><u>broker</u><u>.</u>
Which of the following actions should be taken when holding an open house?
Schedule the open house soon after the property hits the market.
Which of these statements best describes the concept of procuring cause?
Procuring cause means the licensee's actions produced a ready, willing, and able buyer.
Which of the following is true regarding a broker's commission in a real estate transaction?
- The commission must be stated in the listing agreement and is set by the broker.
- Commissions are determined at a special meeting of the local realtor board once a year.
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1 Euro = $1.30 USD or $1.00 USD = 0.77 Euro (this means more
US Dollar is needed in exchange with Euro and lesser amount of Euro is needed in exchange with US
Dollar)
US dollars strengthens by 10% compared to Euro.
1Euro = $1.30 USD --> $1.30*0.10
= 0.13 --> $1.30-0.13 = $1.17
$1.00 USD = 0.77 Euro --> 0.77*0.10 = 0.077 --> 0.77+0.077 = 0.847 Euro or 0.85 Euro
The new exchange rate will be 1 Euro = $1.17 USD or $1.00
USD = 0.85 Euro (this means that US economy is performing well, thus lesser US
Dollar is needed in exchange with Euro and more Euro is needed in exchange with
US Dollar)
Your answer to question 1: is A
Your answer to question 2: is B