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NARA [144]
3 years ago
9

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?
Check all that apply.
__Black markets develop.
__Landlords earn lower profits from renting housing units, but the rent charged has no effect on either the quantity or quality of rental units.
__The quality of rental housing units falls.
__Efficient use of housing space results.
Business
1 answer:
IrinaK [193]3 years ago
6 0

Answer:

Option (a) and (c) are correct.

Explanation:

We know that rent control is an example of price ceiling. If the price of apartments set below the equilibrium price level then there is increase in the demand for apartments. So, the demand for apartments exceeds quantity supplied at the prevailing market price.

(a) Therefore, the quality of rental housing falls because of the lower price of the apartment. As this will become less profitable for the landlords, so they are least interested in the maintenance of the apartments.

(b) This will also lead to develop black market. The landlords are trying to fool the higher authorities and rent their apartments at a higher cost because this will be done without any type of legal documentation of the apartments or results from the manipulation of the rules.

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Answer:

a. The average age of the population in his community is high.

Explanation:

As the average age of the population in his community is high, it is an opportunity for an entrepreneur who wishes to open a business providing "Fitness for Life" physical conditioning services (strength, balance, and flexibility training) in a city of 100,000 people because people will be more interested in the physical conditioning services and they will be attracted towards it as when the age rises, people become more interested in the health related activities, therefore, chances are very high that this will pose a serious and profitable opportunity for the entrepreneur in that particular city. He or she can definitely capture this opportunity very handsomely and profitably.

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3 years ago
The type of problem that a consumer will become aware of in the normal course of events or is already aware of is known as a(n)
Keith_Richards [23]

Answer:

<em>The type of problem that a consumer will become aware of in the normal course of events or is already aware of is known as a(n) </em><em><u>active</u></em><em> problem</em>

Explanation:

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7 0
2 years ago
Which products are considered "covered products" by the Treasury Department and are subject to anti-money regulations?
AURORKA [14]

Answer:

B) C and D

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  • D. Annuities

Explanation:

Anti-Money Laundering (AML) regulations identified the following insurance products as covered products:

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  • An annuity contract, other than a group annuity contract
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The AML's main goal is detect and stop terrorist financing.

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3 years ago
If the law of increasing opportunity costs is operable, and currently the opportunity cost of producing the 101st unit of good X
lys-0071 [83]

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C) more than 5Y

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the opportunity cost of producing 101 units of X = 5 units of Y

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Because the company was angered by the actions of its resellers. Acme Manufacturing decided to slow down deliveries and postpone
Natasha_Volkova [10]

Answer:

B) coercive power.

Explanation:

There are two ways of influencing others to follow the instruction or to get the process in the right order.Those two ways are: Reward power and coercive power.

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In the given case, the manufacturer decided to punish resellers for their action. As Manufacturing decided to slow down deliveries and postpone product availability to these resellers.

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