In a free market for rental housing, effective rent control would have which effect?
a. It would cause a reduction in the number of apartments.
b. It would cause an increase in the number of apartments, since landlords would try to increase their profits through larger scale.
c. It would have no effect on the number of apartments offered in the market.
d. The results are impossible to predict.
a
Economics
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Refer to the scenario above. Alice will earn an expected surplus of ________ if she uses her optimal strategy to win the game
A) $5,000 B) $6,000 C) $30,000 D) $16,000
Economics
Refer to the saving schedule above. Dissaving occurs when disposable income is:
A. Equal to level 2
B. Less than level 2
C. Greater than level 2
D. Equal to level 3
Economics