Which of the following examples would most likely be an unintended consequence of rent control?
a. Most of the apartments in a building are vacant.
b. A landlord is known for renting to people who often are considered “undesirable.”
c. Most of the apartments in a building are in a deteriorated state.
d. A landlord decides to put in new plumbing for an entire apartment complex.
c. Most of the apartments in a building are in a deteriorated state.
Economics
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Why are consumers in a competitive market considered to be price takers?
What will be an ideal response?
Economics
In Figure 3-7 above, the multiplier effect does NOT explain
A) the increase in equilibrium income. B) the increase in induced saving. C) the increase in AP. D) all of the above.
Economics