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Pavlova-9 [17]
4 years ago
10

Rent control is an example of a _____________________. it sets the price of rent __________________ the equilibrium price and re

sults in a ______________ of apartments.
a. price floor, above, surplus
b. price ceiling, above, surplus
c. price floor, below, shortage
d. price ceiling, below, shortage
Business
1 answer:
Shtirlitz [24]4 years ago
8 0

Rent control is an example of a "price ceiling", it sets the price of rent "below" the equilibrium price and results in a "shortage" of apartments.


Answer is "D".


Rent control is a type of value control that confines the sum a property proprietor can charge for leasing a home or other land. Rent control goes about as a price ceiling by keeping rents either from being charged over a specific level or from expanding at a rate higher than a predetermined percentage.


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Answer: the number of people in the working-age population who are employed or unemployed.

Explanation:

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This question is incomplete.

The complete question, answer & explanation for this question is given in the attachment below.

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The following information is for employee Robert Ellis for the week ended March 15. Total hours worked: 48 Rate: $15 per hour, w
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Answer:

1. Total earnings

Normal   hours       40 *$15    = $600

Overtime                8 * $30     =  <u>240</u>

                                                 <u>  $840</u>

<u />

2.   Total Deduction

     

      United fund deduction                       50

       social security(6%*840)                     50.4

       Medicare tax(1.5%*840)                     12.6

      State unemployment(3.4%*600)      <u> 20.4</u>

                                                                 <u> 133.4</u>

<u>3. </u>               Cash paid  

                Total earnings                         $840

                 Total Deduction                     <u> 133.4</u>

                                                                <u>  706.6</u>

<u>b. </u> employer payroll tax

Medicare tax  = 1.5% *840       =                    $12.6

 Federal unemployment tax  =  (0.8%*600)  <u>  4.8</u>

<u> </u>                                                                       <u>  17.4</u>

Explanation:

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Answer:

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