In the long run, rent control has __ impact because, over time, supply and demand become

Question:

In the long run, rent control has ________ impact because, over time, supply and demand become ______ elastic.

a. An increasing; more

b. A decreasing; more

c. An increasing; less

d. A decreasing; less

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Issues in Economics Today

ISBN: 978-1259746390

8th edition

Authors: Robert C. Guell

See More Books

Question Posted: Apr 24, 2018 01:35 AM

See More Questions

To keep things simple, lets put this into a familiar supply and demand story and assume that in the long run, workers offer a fixed supply of labor: In other words, while they may be picky about jobs...
1. The short-run aggregate supply curve will move_________ if the economy s actual output is below full-employment output. 2. If the adjustment process works slowly, then economic policy is less...
1. The short-run supply curve is steeper than the long run supply curve because of the principle of _________ 2. Arrows up or down: Suppose the demand for shirts increases. In the short run, the...
What types of costs should be considered in deriving the economic order quantity?
The longest increasing subsequence problem is as follows: Given numbers a1, a2, . . . , aN, find the maximum value of k such that ai1 < ai2 < < aik, and i1 < i2 < < ik. As an example, if the...
Do people walk faster in the airport when they are departing (getting on a plane) or when they are arriving (getting off a plane)? Researcher Seth B. Young measured the walking speed of travelers in...
A manufacturer of machine bearings claims that $90 \%$ of the heavy machine bearings have a work life of more than 5 years. You doubt this claim and want to refute it on the basis of a sample of...
A sinking fund can be set up in one of two ways. Discuss the advantages and disadvantages of each procedure from the viewpoint of both the firm and its bondholders.
An investment of $21700 is accumulated at 5.24% compounded quarterly for three and one-half years. At that time the interest rate is changed to 6.12% compounded monthly. How much is the investment...
If c is a normalized wave function, what are its SI units for? (a) The one-particle, one-dimensional case; (b) The one-particle, three-dimensional case; (c) The n-particle, three-dimensional case.
Other things equal, if the United States continually runs trade deficits, foreigners will own________ U.S. assets. a. More and more. b. Less and less. c. The same amount of.
If supply and demand are lines then at equilibrium consumer and producer surplus are both A. Equal. B. Shown as squares. C. Shown as trapezoids. D. Shown as triangles.
A balanced three-phase delta-connected source supplies power to a load consisting of a balanced delta in parallel with a balanced wye. The phase impedance of the delta is 24 + j12 , and the phase...
Watch any two presentations. Search for a company executive, a commencement speaker, a politician, or someone else. Try to find two different types of presentationsone formal and one more...
Imagine that you work for a university as the head of transportation. You want to encourage people to take the bus rather than park on campus because spots are limited. Prepare agenda slides for two...
Provide a detailed description of the JDBC three-tier model and its function.
The just works as a view for the GlassFish application server and sets up a connection between the application server and the Session Bean in the Web tier. a. Java EE 8 b. Enterprise Java Beans c....
To perform an insert, update or delete operation, the method(s) should be used. a. executeUpdate() b. executeQuery() c. executeQuery() and execute() d. executeQuery() and executeUpdate()
Find the critical points of f. Assume a is a constant. f(x) = x/x - a
The relationship described in question 7 does not always appear to hold. What factors, besides the number of firms in the market, might affect margins?
Is it unfair to criticize a competitors product in an ad? Explain your thinking.
How would your local newspaper be affected if local supermarkets switched their weekly advertising and instead used a service that delivered weekly freestanding ads directly to each home?
Explain why P&G and other consumer packaged goods firms are trying to cut back on some types of sales promotion like coupons for consumers and short-term trade promotions such as buy a case and get a...
What choice is a multiple of 5? a) 93 b) 63 c) 65 d) 84
Determine how many tablets will be needed to give the dosage. Prepare a dosage of 6.4 mg using tablets with a strength of 1.6 mg.
(a). Company Inc., private consumer regulator firm, claims that the standard deviation of the rating of Formula One races in the town main car racing circuit was at least 15.34. (b). An outside...

In the long run, rent control has ________ impact because, over time, supply and demand become ______

Question:

Step by Step Answer:

a An increasing more Explanation In the short run suppl...View the full answer

Issues in Economics Today

Students also viewed these Business questions

In the long run, rent control has __ impact because, over time, supply and demand become