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MaRussiya [10]
4 years ago
10

Rent controls force landlords to price apartments below the equilibrium price level. An immediate effect is a shortage (excess d

emand) of apartments, because the quantity of apartments demanded is greater than the quantity supplied at the regulated price.When cities prevent landlords from charging market rents, which of the following are common long-run outcomes?1. The quality of rental housing units falls2. The future supply of rental housing units increases3. The quantity of available rental housing units falls4. Efficient use of housing space resultsBriefly explain why or why not for each scenario.
Business
1 answer:
Anton [14]4 years ago
7 0

Answer:

The answer is: 3. The quantity of available rental housing units falls

Explanation:

Rent control is a type of price ceiling, where the price of a product is artificially lowered below the equilibrium price.

Whenever a price ceiling is introduced, the quantity supplied of products or services will decrease. That happens because as the price of a product increases, suppliers are willing to offer a larger quantity of that product. But if the price of a product decreases, suppliers will be willing to offer smaller quantities of that product. (Law of Supply).

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The Supplies account had a balance at the beginning of year 3 of $8900 (before the reversing entry). Payments for purchases of s
Alex787 [66]

Answer:

supplies expense 47,300 DEBIT

  supplies   47,300 CREDIT

Explanation:

$$Beginning Inventory + Purchase = Ending Inventory + supplies Expense

8,900 + 53,300 = 14,900 + supplies expense

8,900 + 53,300 - 14,900 = supplies expense

supplies expense = 47,300

Beginning and Purchase will be the supplies available during the period.

this supplies can be used or stored.

if the stored are 14,900 then the diference was used.

4 0
4 years ago
Someone criticizes the government for increasing interest rates but approving the increase in government spending. They are crit
Brums [2.3K]

When a person criticizes the government based on its increase in interest rates, then he is criticizing the:

  • Monetary Policy

When a person criticizes the government based on its increase in government spending, then he is criticizing the:

  • Fiscal Policy

<h3>What is Monetary Policy?</h3>

This refers to the government policy which is adopted to ensure that the interest rates is controlled so that there would be a particular amount of money flow through the economy.

With this in mind, we can see that if a person is criticizing the monetary policies of a government, then he is criticizing the increasing interest rates.

Read more about government policy here:
brainly.com/question/1604055

7 0
3 years ago
By keeping employees’ personal records confidential, an employer respects their right of:
nika2105 [10]

Answer: PRIVACY. 100% postive

Explanation:

7 0
3 years ago
Which of the following statements about credit sales are true? (You may select more than one answer. Single click the box with t
podryga [215]

Answer:

The correct statements about credit sales are:

  • Accounts receivable arise from credit sales
  • Accounts receivable should be reported at net realizable value.
  • Revenue is reported when the company fulfills its promise to transfer control of a good or service to a customer

5 0
4 years ago
Each pail of plaster covers 97 square feet of ceiling. How many pails of plaster would you need to buy to cover the ceiling of a
romanna [79]

Answer:

2.02

Explanation:

Each pail of plaster covers 97 Square feet of ceiling

The ceiling of the room is 14 ft long

= 14×14

= 196

Therefore the pail of plaster that will be needed to cover the rooms can be calculated as follows

= 196/97

= 2.02

3 0
3 years ago
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