Example of temporary housing shortage

After the change within the demand curve for housing as: (1) a temporary housing shortage may exist at R₀. (2) landlords will have more complexity repaying their mortgages. (3) rental rates will fall below interest payments. (4) equilibrium prices for houses will reduce. (5) a surplus of housing exists at R₁.

254_supply and demand curves for housing.png

I need a good answer on the topic of Economic problems. Please give me your suggestion for the same by using above options.

View Complete Question

Related Questions in Microeconomics

Q : Income elasticity of demand Income

Income elasticity of demand: Income elasticity of demand is the degree of receptiveness of demand to the modification in income.

Q : Featherbedding-Labor Contracts The

The clauses in labor contracts that need continued employment of the workers whose jobs are technologically outdated are termed as: (1) Moth-balling. (2) Yellow dog contracts. (3) Featherbedding. (4) Goldbricking. (5) Shirking clauses.

Q : Influences of Ceteris Paribus The Latin

The Latin phrase applies to the idea which all other effects on some dependent variable are to be supposed constant if examining the effect of changing a single independent variable is as: (1) Fiat justitia, ruat coelum. (2) Platea unum. (3) Unum paribus. (4) Ceteris

Q : Industry-wide unionization Can someone

Can someone please help me in finding out the accurate answer from the following question. Industry-wide unionization would be most probable to significantly influence the rate of U.S. inflation in short run when it occurred in world-wide: (1) Market for the middle-ma

Q : Contestable Markets When consumers

When consumers ultimately cannot distinguish one roasted chicken dinner from other, when roasted chicken dinners are produced within a constant cost industry, and when no barriers to entry or exit exist, in that case the long-

Q : Import cars in equilibrium When the

When the import car market is in equilibrium prior to the government limits car imports to Q1, the price that buyers will reimburse for an import: (1) Drops/falls from P0 to P1. (2) Is stable, although dealer gains fall by Q0 to Q1. (3) Increases from P0 to P2. (4) Ex

Q : Goal of the War on Poverty Enhancing

Enhancing the conditions of the poor was a main goal of the War on Poverty which was launched under President: (1) Franklin Delano Roosevelt. (2) Lyndon Johnson. (3) Richard Nixon. (4) Jimmy Carter. (5) Ronald Reagan.

Q : Process of Capitalization

Capitalization is a process which converts: (1) natural resources into economic capital. (2) predictable income flows within wealth. (3) the opportunity cost of capital into the market interest rate. (4) financial capital into economic investment. (5)

Q : Purely-competitive output by profit

Profit is maximized when this purely-competitive brickyard constructs at: (i) point a. (ii) point b. (iii) point c. (iv) point d. (v) point e.

Q : Calculation of total fixed cost of a

Hello friends I need your help to solve the problem that is given below: This firm's total fixed cost (TFC) can be calculated as area: (a) 0PeQ. (b) bPec. (c) aPed. (d) 0bcQ. (e) abcd.

Discover Q & A

Leading Solution Library

Avail More Than 1418383 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1949873
Asked

3,689

Active Tutors

1418383

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment