All categories

3 years ago

A rent ceiling set below the equilibrium rent

1 answer:

4 0

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

<u>Option: C</u>

<u>Explanation:</u>

Rent limit is the highest price a property owner can demand for rent. Rent ceilings are typically fixed by legislation and limit how high the rent can be in a given area. Although, the amount of affordable housing is also reduced as a consequence of this rule, as tenants are not interested in renting out their properties at a cheap price.

Nevertheless, if the limit is placed underneath the level of equilibrium then a reduction of deadweight is produced. Many issues come in the form of illegal markets, scanning time and charges that aren't leased precisely like key money i.e. high initial cost for new keys.

You might be interested in

S2→ S1→ S→ M→ D→ R→ C→ C1→C2

katovenus [111]

Answer:

sorry but I can't understand this question

6 0

3 years ago

Fierce is a product of the Ferris Company. Ferris's sales forecast for Fierce is 1,150 units, and they currently have 186 units

AURORKA [14]

Answer:

1,079 units

Explanation:

Fierce company forecast sales = 1150 units

Let this 1150 units be = 100%

Chester wanting to make a surplus of 10% means the total production will be = 110%

So, lets consider 1150 units as 100%

Then, 110% will be = (1150 units/100)*110 = 1265. So, Fierce fulfillment before Adjustment is 1,265 units

Fierce fulfillment after adjustment = 1,265 units - 186 units = 1,079 units

So, Fierce's Fulfillment after adjustment have to be 1,079 units in order to have a 10% reserve of units available for sale.

7 0

2 years ago

The operating system converts a basic user request into the set of detailed instructions that the computer hardware requires, th

kramer

Answer:

Explanation:

TRUE - The operating system converts a basic user request into the set of detailed instructions that the computer hardware requires, thus acting as an intermediary between the application and the hardware.

3 0

2 years ago

In what order are the following financial statements prepared: (1) Balance sheet, (2) income statement, and (3) statement of sto

Marta_Voda [28]

Answer:

D.2, 3, 1.

Explanation:

The order of preparing the financial statement is described below:

1. Income statement

2. Statement of stockholder equity

3. Balance sheet

4. Cash flow statement

The income statement records all revenues generated and expenses incurred during a particular period.

The Statement of stockholder equity consists of common stock and the retained earning through which the ending balance could be computed.

The balance sheet reports the assets and liabilities of the company

And, the cash flow statement analyzes the cash inflow and cash outflow position of the company

6 0

3 years ago

Holding all else constant, if people who are currently discouraged workers decide to start looking for jobs again, you will see:

kirill115 [55]

Answer:an increase the unemployment rate.

Explanation:Holding all else constant, if people who are currently discouraged workers decide to start looking for jobs again, you will see: an increase the unemployment rate.

7 0

2 years ago