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patriot [66]
3 years ago
10

Suppose that the city of Rentville sets a price ceiling of $800 a month on all apartments, although the market equilibrium rent

is $1,000. Which of the following is least likely to occur? a) An increase in the quantity of existing apartments in Rentville. b) A decrease in new apartments being built in Rentville. c) A shortage of apartments in Rentville. d) An excess of quantity demanded over quantity supplied in the market for apartments.
Business
1 answer:
elixir [45]3 years ago
4 0

Answer: a) An increase in the quantity of existing apartments in Rentville

Explanation:

A price ceiling is the maximum price that a good or service can be sold.

The price ceiling ( $800) is less than the equilibrium rent ($1000). This would lead to a reduction in supply of houses and an increase in demand.

When demand outstrips supply, shortages occur.

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What has happened to China’s GPD since it began to reform its economy?
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Answer:

it has grown substantially

Explanation:

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In the 1980s, china started to adopted some aspect of Capitalism and let the private sector grow their influence in the economy.

As a result, many people start to have incentives to contribute more to the economy. This system  basically allowed the citizens seek personal wealth for themselves, but they are indirectly improving the country's economy.

6 0
3 years ago
When you analyze a system using the six-phase security process, you are performing a:?
ddd [48]
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2 years ago
A channel of distribution: A. is any series of firms or individuals who participate in the flow of goods and services from produ
Illusion [34]

Answer:

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Explanation:

6 0
2 years ago
What usually determines whether specialists in light steel or carpenters do the framing?
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I hope this helped.

7 0
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Inessa05 [86]

Answer:

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6 0
3 years ago
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