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padilas [110]
3 years ago
14

A rent ceiling set below the equilibrium rent a. ensures the availability of enough low-rent apartments in a city. b. results in

all renters and potential renters being better off. c. creates a situation in which the quantity demanded of housing is greater than quantity supplied. d. ensures that landlords earn a reasonable rate of profit on apartments. e. eliminates discrimination by landlords.

Business
2 answers:
Bond [772]3 years ago
4 0

Answer:

c. creates a situation in which the quantity demanded of housing is greater than quantity supplied.

Explanation:

A rent ceiling set below the equilibrium rent creates a situation in which the quantity demanded of housing is greater than quantity supplied.

Price ceiling creates a situation where quantity demanded exceeds quantity supplied because suppliers (landlords) will be unwilling to sell products or services at a price lower than the equilibrium price which will immediately create a shortfall in supply, while consumers (tenants)  will be eager to rent at a price lower than the equilibrium price BUT due to shortage of supply, the quantity demanded now exceeds the available quantity supplied

Dmitriy789 [7]3 years ago
3 0

Answer:

C) creates a situation in which the quantity demanded of housing is greater than quantity supplied.

Explanation:

A rent ceiling or really any type of binding price ceiling results in a deadweight loss or loss of economic efficiency. Since the equilibrium price is set below the equilibrium quantity, the quantity demanded will increase, while the quantity supplied will decrease. This results in a shortage of apartments for rent and a loss of total economic efficiency represented by the colored areas between the demand curve and supply curve left of the equilibrium price.

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Jim was a crook. He embezzled $450,000 from his employer. When his employer found out about his misdeeds, before even conducting
kati45 [8]

Answer:

b. Jim may have been misrepresented in the story by the newspaper agency and the company might face legal consequences.

Explanation:

Jim has the right to take legal action against the company for releasing the story. The investigation had not been completed and all facts had not been established by the company.

Also the newspaper did not contact Jim to get his own side of the story before publishing, that could have revealed pertinent information about the case.

4 0
3 years ago
Venya and Kari own a flower shop that specializes in custom bouquets. Wanting to expand into selling potted plants, they create
kicyunya [14]

Venya and Kari would be able to produce 50 potted plants on Day 3.

<h3>What is a production possibility?</h3>

This curve is an economic tool that illustrates varying amounts of two products that can be produced when both depend on the same finite resource

Based on the given chart, Venya and Kari would be able to produce 50 potted plants on Day 3.

Read more about production possibility

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7 0
2 years ago
Which statement best describes the performance of mutual funds over the last 4 or 5 decades? A. While some mutual fund managers
madam [21]

The correct option is (d).

  • Choosing the best mutual funds by comparing performance of mutual funds against a benchmark index.
  • Money market funds, bond funds, stock funds, and target date funds are the four primary categories into which most mutual funds fit.
  • Each variety has unique characteristics, dangers, and benefits.
  • The rate of return is subtracted from the risk-free rate of return for the investment, and the result is divided by the return on investment's standard deviation.
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7 0
2 years ago
Additional Information: Net income for 2020 was $26,890. Land was sold for cash at a loss of $2,000. Cash dividends were paid du
slega [8]

Answer:

The question is wrong ,find attached correct question:

The correct option in the attached is $58290 ,option E,which is missing in the original question

Explanation:

Cash flow from operating activities=net income+depreciation charge-increase in accounts receivable+decrease in inventory+decrease in prepaid expenses-decrease in accounts payable+loss on sale of land-gain on sale of equipment

cash flow from operating activities=$26,890+($135,000-$92,000)-($77,000-$64,000)+($140,000-$132,000)+($16,540-$12,140)-($45,000-$33,000)+$2000-$1000=$58290

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5 0
3 years ago
On February 3, Smart Company sold merchandise in the amount of $5,800 to Truman Company, with credit terms of 2/10, n/30. The co
ivolga24 [154]

Answer:

a. Cash 5,684 Sales discounts 116 , Accounts receivable 5,800

Explanation:

The journal entry is shown below:

Cash A/c Dr                   $5,684

Sales Discount A/c Dr $116

     To  Accounts receivable    $5,800

(Being cash received recorded)

The computation of the account receivable  

= $5,800

And, the discount would be

= Accounts receivable × percentage given

= $5,800 × 2%

= $116

The remaining amount would be credited to the cash account i.e $5,684 ($5,800 - $116)

7 0
4 years ago
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