Social Studies, 27.08.2021 18:10, nikkierubio2007
2. Suppose the government decides to pass a law to help control the price of rents. They set a new
monthly rent price at $500. All landlords must charge no more than $500 (though they can
charge LESS if they want to).
a. What kind of price control is this?
b. What is the quantity demand of apartments at this price?
C. What is the quantity supplied of apartments at this price?
d. How did the quantity demand of apartments change with this new price?
e. How did the quantity supplied of apartments change with this new price?
f. Are there too many apartments available now or too few?
g. What is this problem called?
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Answers: 3
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The graph shows excess demand. which needs to happen in order to stop disequilibrium from occurring? q needs to be coordinated with supply. q needs to be coordinated with demand. the price of goods needs to be increased. the price of goods needs to be decreased.
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These two countries developed a strong trading relationship during the time of the renaissance. name them?
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2. Suppose the government decides to pass a law to help control the price of rents. They set a new...
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