When a law freezes residential rents at their existing level for as long as the vacancy rate remains below some target level,
A) owners will be encouraged to supply additional rental units.
B) rents will be frozen indefinitely, or at least until the law is changed.
C) affordable housing to low-income people will be guaranteed.
D) the vacancy rate will rise.
B
You might also like to view...
The reason we study the non-strategic sequential labor negotiation game:
a. Is to show that these games usually go on for many rounds b. Is to show the importance of the first mover being able to commit to an offer c. Is to show the importance of the second mover being able to commit to an offer d. Is to show the irrelevance of mover position, given that he is able to commit to a position
Refer to Cost of Production. The short-run average cost of producing 60 units of output per week is
The following questions refer to the diagram below. The wage rate is assumed to be $12 per hour, the rental rate is assumed to be $6 per hour, and capital is assumed to be fixed in the short run at 10 hours.
a. $3 per unit.
b. $4.50 per unit.
c. $5 per unit.
d. $9 per unit.