Under rent controls
A. the quantity demanded of rental units is less than it would be under freely competitive markets.
B. apartments tend to be nicer than they would be under freely competitive markets.
C. the number of rental units available for rent is lower than under freely competitive markets.
D. landlord-tenant relationships are more harmonious than under freely competitive markets.
Answer: C
You might also like to view...
Kristen has an income of $450 per year to spend on music CDs and movies on DVDs. The price of a CD is $15 and the price of a DVD is $22.50. The indifference curves in the figure above (I1, I2, and I3 ) reflect Kristen's preferences
What is Kristen's best affordable combination of DVDs and CDs? A) 10 DVDs and 15 CDs per year B) 15 DVDs and 12 CDs per year C) 12.5 DVDs and 12 CDs per year D) 5 DVDs and 18 CDs per year
If consumers believe the price of iPads will decrease in the future, this will cause the demand for iPads to decrease now
Indicate whether the statement is true or false
A recession will occur if an economy’s actual GDP ____ its potential GDP.
A. rises above B. equals C. falls below D. grows faster than
A radio ad conveys the hours a store is open. By doing this, the ad ______.
a. creates a more elastic demand curve. b. creates a demonstration effect c. communicates important information d. communicates misleading information