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Other Fields Homework Help Economics Topic started by: Sublight2097 on Jun 20, 2015



Title: Suppose the market clearing rent is $500 per month, but a rent control is established at $400 per mo
Post by: Sublight2097 on Jun 20, 2015
Suppose the market clearing rent is $500 per month, but a rent control is established at $400 per month. Which is most likely to emerge?
A) The demand for apartments would increase.
B) The supply of apartments would increase.
C) The scarcity of apartments would decrease.
D) The quantity of apartments demanded would exceed quantity supplied.


Title: Re: Suppose the market clearing rent is $500 per month, but a rent control is established at $400 pe
Post by: Smoooth on Aug 13, 2015
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Title: Re: Suppose the market clearing rent is $500 per month, but a rent control is established at $400 per mo
Post by: Sublight2097 on Aug 31, 2015
I've noticed they use a lot of trickery with their questions. Thank you for your input.


Title: Re: Suppose the market clearing rent is $500 per month, but a rent control is established at $400 per mo
Post by: Smoooth on Aug 31, 2015
Don't mention it :-]