Top Posters
Since Sunday
8
5
z
4
n
4
t
4
3
k
3
x
3
r
3
m
3
j
3
c
3
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
nyah95 nyah95
wrote...
Go to Answer
Posts: 168
Rep: 0 0
A year ago
The graph shows the market for apartments in San Francisco.
 

Assume that P1=$0.50, P2=$4.50, P3=$7.25, P4=$14.25, P5=$19.00, Q1=60, Q2=160, and Q3=235. What is the maximum price a landlord can legally charge for an apartment? How many apartments are rented at that price? At the rent control price, there is a ________ (shortage/surplus) equal to ________. What is the black market price of an apartment? How many apartments are rented at that price?

▸ $4.50, 60, shortage, 175, $14.25, 60

▸ $4.50, 60, surplus, 100, $7.25, 160

▸ $4.50, 60, surplus,175, $7.25, 160

▸ $4.50, 60, shortage, 100, $14.25, 60
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
Read 62 times
1 Reply
Replies
Answer verified by a subject expert
fassfass
wrote...
#1
Posts: 154
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

nyah95 Author
wrote...

A year ago
Helped a lot
noodlelicker
wrote...

Yesterday
Brilliant ツ
Mcb
wrote...

2 hours ago
This helped my grade so much Perfect
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  841 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 238
  
 251
  
 133