--%>
Assignment Help - homework help

Government rent control imposing

When government rent controls are imposed at R0 when demand equals D0 and then demand changes to D1, there is the: (w) quality of housing is likely to enhance. (x) housing market will be plagued through shortages. (y) price ceiling will create surplus rental units. (z) construction of new rental housing will boom.

1717_supply and demand curves for housing.png

Please choose the right answer from above...I want your suggestion for the same.

   Related Questions in Microeconomics

  • Q : Properties of indifference curves

    Properties of indifference curves: The 3 properties of indifference curves are as shown below:A) Slopes downward from left to right: To consume more of onegood the consumer should give up li

    		•
  • Q : Problem on market demand for toys

    Booming toy sales throughout December usually reflect rises in: (1) The quantity of toys demanded.  (2) Market demand for toys. (3) Production costs. (4) Infantile consumerism. Can someone please help me in finding out the acc

    		•
  • Q : Market Power and Monopsony Power-

    Assume that a firm with market power in the output market wants to develop and that hiring more workers needs it to raise salaries 8 percent for all the workers. Output prices will most likely: (i) Increase 8 percent to cover the wage rise. (ii) Increase less than 8 p

    		•
  • Q : Total costs from maximizes profit If

    If this firm maximizes its profit as in given graph, then its total costs equal: (w) $75,000 per month. (x) $90,000 per month. (y) $15,000 per month. (z) $105,000 per month.

    Q : Supply law and it's factors State the

    State the Law of supply and explain the factors that affecting supply of commodity

    		•
  • Q : Annual economic profit of production

    When point e corresponds to $18 per copy for St. Valentine’s Day software, so Prohibition Corporation can produce annual economic profit of at most just about: (i) $100 million. (ii) $140 million. (iii) $200 million. (iv) $300 million. (v) $400

    		•
  • Q : Relatively price elastic demand for

    When demand for a consumer good is relatively price elastic, in that case: (i) total spending will decline when the price rises. (ii) the demand curve is vertical. (iii) the price of the good is determined through supply alone. (iv) the quantity respo

    		•
  • Q : Marginal revenue curve A monopolist

    A monopolist which does not price discriminate has a marginal revenue curve which slopes down faster than does the demand curve the monopolist faces since: (1) economies of scale are significant. (2) selling more requires lowering the

    		•
  • Q : Perfectly price elasticity of supply

    The supply of textile employees in China is possibly most like the perfectly price elastic supply curve within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D.

    Q : Maximize profits with producing demand

    An imperfectly competitive firm can’t maximize its profits through producing where demand is: (w) elastic. (x) unitarily elastic. (y) inelastic. (z) downward sloping. Can someone explain/help me with best sol

    		•