Business
Business, 17.09.2019 08:30, ceciliaxo

If a rent ceiling is set at $900 a month, what is the housing shortage? if a rent ceiling is set at $1,500 a month, what is the housing shortage?

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Business, 04.07.2019 00:00, shahrukhafridi2668
Suppose that the demand and supply schedules for rental apartments in the city of gotham are as given in the table below. a. what is the market equilibrium rental price per month and the market equilibrium number of apartments demanded and supplied? b. if the local government can enforce a rent-control law that sets the maximum monthly rent at $1,500, will there be a surplus or a shortage? of how many units? and how many units will actually be rented each month? c. suppose that a new government is elected that wants to keep out the poor. it declares that the minimum rent that can be charged is $2,500 per month. if the government can enforce that price floor, will there be a surplus or a shortage? of how many units? and how many units will actually be rented each month? d. suppose that the government wishes to decrease the market equilibrium monthly rent by increasing the supply of housing. assuming that demand remains unchanged, by how many units of housing would the government have to increase the supply of housing in order to get the market equilibrium rental price to fall to $1,500 per month? to $1,000 per month? to $500 per
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Business, 08.10.2019 23:30, nikejose11
The competitive equilibrium rent in the city of lowell is currently $1,000 per month. the government decides to enact rent control and to establish a price ceiling for apartments of $750 per month. briefly explain whether rent control is likely to make each of the following people better or worse off.
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Business, 24.10.2019 23:43, nawafcanada
Arent ceiling below the equilibrium rent a. is an example of a price floor. b. increases the quantity of housing supplied. c. limits search because people need no longer search for cheap apartments. d. has no effect on the housing market because the ceiling is below the equilibrium. e. can create a black market.
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