Why does a rent ceiling create an inefficient and unfair outcome in the housing market?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
A rent ceiling creates inefficiency because at the quantity of apartments that are rented the ma...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
Henry Potter owns the only well in town that produces clean drinking water. He faces the following demand, marginal revenue, and marginal cost curves: Demand: P = 70 - Q Marginal Revenue: MR = 70 -...
-
Why is it inefficient to be over informed?
-
Why does free access to a common property resource generate an inefficient outcome?
-
How would you help a person understand domestic violence if she was from a culture that considered male dominance and female submission as part of their beliefs?
-
The drug scopolamine is often used as a sedative to induce sleep in patients. In Behavioral Neuroscience (Feb. 2004), medical researchers examined scopolamines effects on memory with associated word...
-
Referring to Exercise 7, The article "Some Field Experience in the Use of an Accelerated Method in Estimating 28-Day Strength of Concrete" (J. of Amer. Concrete Institute, 1969: 895) considered...
-
Happy Company operates four departments kitchen, bathroom, office and laundry. When preparing a departmental statement of financial performance, the stores accountant allocates indirect expenses...
-
Refer to the Buena School District bus data. a. Develop a 95% confidence interval for the mean bus maintenance. b. Develop a 95% confidence interval for the mean bus miles.
-
A cannon is fired with muzzle velocity of 158 m/s at an angle of elevation = 46. Gravity = 9.8 m/s 2 . a) What is the maximum height the projectile reaches? b) What is the total time aloft? c) How...
-
Huche Company allows its employees to carry over unused personal time off (PTO) days (vacation, sick days, etc.) from year to year. In addition, employees have the option to "cash out" their unused...
-
How are scarce housing resources allocated when a rent ceiling is in place?
-
What is a minimum wage and what are its effects if it is set above the equilibrium wage?
-
Write as a decimal 2%
-
The diagram shows a rectangle OPQR with length 11 cm and width 4 cm. OQ is a diagonal and OPX is a sector of a circle, centre O. Calculate the percentage of the rectangle that is shaded.
-
Determining Possible Side Lengths Mr. Anderson is building a triangular-shaped roof for his shed. The triangle must be isosceles with its base (noncongruent ) side measuring 14 feet.
-
A box of weight 15.0 N is sliding down a 23.0 incline under the only action of the force of gravity (its weight). Determine the components of the gravitational force parallel (x) and perpendicular...
-
A point +1 C charge and another point charge Q are 40 cm apart. At the point along the line joining the two charges that is 10 cm from the +1 C charge (and hence 30 cm from charge Q), the net...
-
Find the producer's surplus at Q = 5 for the supply function P=25-20
-
Exercises 3150 contain rational equations with variables in denominators. For each equation, a. Write the value or values of the variable that make a denominator zero. These are the restrictions on...
-
Juarez worked for Westarz Homes at construction sites for five years. Bever was a superintendent at construction sites, supervising subcontractors and moving trash from sites to landfills. He...
-
Draw a graph to illustrate how an increase in the supply of loanable funds and a decrease in the demand for loanable funds can lower the real interest rate and leave the equilibrium quantity of...
-
a. U.S. household income has grown considerably since 1984. Has U.S. saving been on a downward trend because Americans feel wealthier? b. Explain why households preferred to buy corporate equities...
-
What makes something money? What functions does money perform? Why do you think packs of chewing gum dont serve as money?
-
If the cost of capital is 12%, which project should be chosen? If the cost of capital is 27% which project should be chosen? Construct the NPV profiles for Project A and Project B. (Note: plot the...
-
Mrs. Chi is age 75 and enjoys a comfortable but not extremely high-income level. She wishes to enroll in a MA MSA plan that she heard about from her neighbor. She also wants to have prescription drug...
-
A pathologist is reviewing the slides from the pleural fluid of a 50-year-old male who has hepatosplenomegaly and minimal lymphadenopathy Option. It is not clear whether the mononuclear cells are...
Study smarter with the SolutionInn App