Answer:
1. False
2. Shortage; Larger
Explanation:
1. A binding price ceiling is one that prevents the market from reaching its equilibrium. In this market, the equilibrium price is $25 therefore anything below $25 will be binding. A price ceiling below $25 per box is a binding ceiling.
2<em>. Assuming that the long-run demand for oranges is the same as the short-run demand, you would expect a binding price ceiling to result in a </em><em><u>shortage</u></em><em> that is </em><em><u>larger</u></em><em> in the long run than in the short run.</em>
In the long run, supply is more sensitive because farmers can decide to plant oranges on their land, to plant something else, or to sell their land altogether.
This means that a price ceiling in the long run will be less attractive to farmers so they might leave the market. If they do this then the shortage will be more as there are now less supplies in the market.
Broker Rob appears to believe he is being contacted by a housing discrimination tester.
Rob will treat them all equally and will not contravene any fair housing laws. Direct the party to the best-fitting neighborhood for him or her.
<h3>What questions about the neighborhood does John ask the real estate agent?</h3>
Asian man John meets with a real estate agent to talk about buying a home for his family. The broker asks John whether he is certain that his family will feel at home in the neighborhood once John identifies it.
<h3>What is the LGBTQ housing fair housing laws?</h3>
Housing discrimination on the basis of race, color, national origin, religion, sex, familial status, and disability is illegal under the Fair Housing Act. LGBTQ person who has suffered (or is about to experience) discrimination on the basis of one of these grounds may submit a complaint with HUD.
<h3>What ought to be on display in each broker's office, Randy?</h3>
Broker Randy operates three branch offices in addition to his main brokerage site. A poster for equal housing opportunity A color picture of Randy and a license copy an indication that any commercials released by Randy's agent are not his responsibility.
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customer satisfaction; earn long-term profits; increased shareholder value