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Naily [24]
3 years ago
11

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?
A) The future supply of rental housing units increases.
B) Efficient use of housing space results.
C) Nonprice methods of rationing emerge.
D) The quantity of available rental housing units falls.
Business
1 answer:
Lerok [7]3 years ago
7 0

Answer:

D) The quantity of available rental housing units falls.

Explanation:

Price ceilings often carry long-term disadvantages, such as shortages, extra charges, or lower quality of products.

Price Ceilings major long-term effect is for goods to be in high demand but supply to be in shortfall creating an ongoing presence of a black market

Therefore when cities prevent landlords from charging market rents, the definite consequence and common long-run outcomes is that the quantity of available rental housing units falls.

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which is the simplest option that sole proprietors can use to post an advertisement about the sale of their small businesses
Cloud [144]
<span>Craigslist is always a good option for selling most anything. It allows the seller to advertise to both the local market and nearby cities, as well as any other cities in the United States and abroad. It costs nothing to advertise on Craigslist and once a login is established, it is extremely easy to place an ad.</span>
4 0
3 years ago
If the sellers bid against each other for the right to sell the good to a consumer, then the producer surplus will be $0 or slig
erica [24]

Answer:

$50 or slightly less

Explanation:

If we assume that there is four persons namely E, S, A and K

The producer surplus is the surplus that shows the difference between the seller value and the seller cost

In the case when the seller bid against each other so here the producer surplus would be $100 or slightly less

Here only one person could able to send the good i.e. person E As the cost to the person would be lowered by the goods value

Therefore the option B is correct

4 0
3 years ago
What concept implies that a firm's marginal revenue product curve for labor will slope downward in the short run?
leva [86]
<span>Law of Diminishing Marginal Returns (LDMR). As in Economic theory, there will be fixed and variable factors of production in the short run. This would imply that beyond a certain level of production, the next unit of variable factor added to the production would result in a lower output as compared to the previous unit of variable input that was added to the production. This is ultimately due to the over usage of the fixed factors of production (such as machinery and infrastructure) and resulting in a less "efficient" amount of output due to the physical operating limits of fixed factors of production. As such in the short run, MR will slope downward if the firm is producing beyond its most efficient point of production to ensure more products can be produced given a limited amount of time.</span>
4 0
3 years ago
Which stage of group development involves members introducing themselves to each other?
Rudik [331]

Answer:

It is the first stage

6 0
3 years ago
NH 2015 is the only amusement park in Goleta (it has monopoly power). The owners have decided to enact a two-part tariff: a fixe
maxonik [38]

Answer:

The profits will be "24.5".

Explanation:

As we know,

Monopoly Power, MC=\frac{dC(q)}{dq}

                                      =11

Withe either two-part tariff,

P = MC

and,

Profit = CS (Costumer surplus)

Now,

p=18-q=11

and, q = 7

When,

q = 0 and p = 18

Profit = (\frac{1}{2})\times (18-11)\times 7

⇒       = \frac{1}{2}\times 7\times 7

⇒       = \frac{1}{2}\times 49

⇒       = 24.5

4 0
3 years ago
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