Over time, housing shortages caused by rent control
A.decrease, because the demand for and supply of housing are less elastic in the long run.
B.decrease, because the demand for and supply of housing are more elastic in the long run.
C.increase, because the demand for and supply of housing are more elastic in the long run.
D.increase, because the demand for and supply of housing are less elastic in the long run.
C.increase, because the demand for and supply of housing are more elastic in the long run.
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Many predict there will be permanent, growing shortages of oil by the year 2025. The prognosticators are assuming
A) oil prices will fall. B) oil prices will not adjust appropriately to coordinate the market. C) oil prices will rise. D) greed will ruin the supply and demand process in the world oil market.
Underwriting involves
A) insuring the life or health of individuals. B) guaranteeing a price for new capital to the issuing firm. C) selling stock more cheaply than conventional stockbrokers. D) issuing stock and using the proceeds to buy bonds.