1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
earnstyle [38]
3 years ago
5

Suppose the city council in a large city decides to pass a law which forces landlords to charge a maximum rent of $750/month for

a one-bedroom apartment. Prior to the rent control, the average rent for a one-bedroom apartment was $1,750/month. Which is likely to occur as a result of the price ceiling?
Social Studies
1 answer:
JulsSmile [24]3 years ago
3 0

Explanation:

Due to the law, the maximum rent that has to be paid has decreases tp $750/ month. On the other hand, before the law, the landlord enjoy maximum profit by giving the same bedroom at $1750/month. This law definitely makes the landlord reducing the quality of the bedroom apartments and also not regular and good services which must be offered for a guest.

This case is an example of inefficiently low quality in which the sellers offer some low-quality services at the low price even by knowing the fact that the buyers prefer higher quality at the higher price.

You might be interested in
How often are vehicles used to regularly transport children required to be inspected by a mechanic?
olga55 [171]

Answer:

Annually

Explanation:

A mechanic must examine all vehicles used to carry children on a yearly basis to verify appropriate functioning condition. The mechanic's documentation must be kept in the car. A vehicle used for the regular transportation of children must be properly examined by a mechanic at least once a year, not considering routine maintenance such as oil changes. This is done not just for safety reasons, but also to provide maximum seating and seat belt capacity.

4 0
2 years ago
How long is an investigator required to keep consent documents, irb correspondence, and research records?
Vesnalui [34]
Not too long just like about 2 months
4 0
4 years ago
Lauren announced to her family last night that she wanted a pair of Heelys. Her sister Stephanie said she thought it was a stupi
prohojiy [21]

Answer:

The correct answer is Lauren was the initiator and Tom was the decision maker.

Explanation:

7 0
3 years ago
Read 2 more answers
Reading #2 - Arguments for Independence
dlinn [17]

Answer: who care,should I ???

Explanation:

5 0
3 years ago
Read 2 more answers
What role does school, mass media, interest groups, and religious organizations have in shaping public opinion
dmitriy555 [2]
QUICK ANSWER

Mass media affects public opinion by making it possible for large groups of widely dispersed people to develop collective attitudes regarding public affairs; mass media tells people what issues are important and motivates the public to action. Exposure to media activates people's convictions or causes them to form new ones. As a result, those who control the mass media have the capacity to sway public opinion.


8 0
3 years ago
Read 2 more answers
Other questions:
  • Which theory explains a person’s prejudice caused by personality type?
    7·2 answers
  • __________ is the degree to which a person is anxious, irritable, aggressive and moody.
    13·1 answer
  • How old is Donald Trump?​
    6·2 answers
  • In a tort case, monetary awards given to those who were injured are known as which of the following?
    8·2 answers
  • Are there any current sibsidy or welfate issue that are being dicussed or addressed in paliament or in municipality
    7·2 answers
  • _____ expresses the minimum and maximum number of entity occurrences associated with one occurrence of the related entity.
    12·1 answer
  • Mrs. Robbins teaches third grade. Her students are studying fractions. She has planned for a variety of instructional and assess
    14·1 answer
  • What is earthquake?​
    14·1 answer
  • Fwee points and can somebody please answer my last question?
    5·2 answers
  • ''labour creates the employment'' do you agree with this statement? clarify your answer.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!