Explain why in cities such as New York City that have rent ceiling laws, so many people who work in the city commute from outside the city

What will be an ideal response?

Rent ceilings decrease the quantity supplied of housing. So many people who work in the city and would like to live in the city cannot find housing. As a result, they must live outside the city and commute to work.

Economics

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A rightward shift of the BP curve occurs with a

a. fall in the exchange rate. b. cut in taxes. c. decrease in government spending. d. an increase in exports.

Economics

The optimal patent length is equal to 20 years

Indicate whether the statement is true or false

Economics