--%>
Assignment Help - homework help

Price ceiling

If the government puts a rent ceiling of $650 a month, what is the rent paid and how many rooms are rented? Explain why?

   Related Questions in Microeconomics

  • Q : Problem on perfectly competitive

    Can someone please help me in finding out the accurate answer from the following question. The profit-maximizing firm which is perfectly competitive in the resource market however which has the market power in output market will hire labor at a point where: (1) VMP =

    		•
  • Q : Effects of price hike in Substitution

    Price hikes for the new cars are probable to cause the demand for employed cars to (1) Shift to the right. (2) Pivot vertically. (3) Shift to the left. (4) Become more horizontal. Can someone please help me in finding out the accur

    		•
  • Q : Follow Lower Bond Price Lower bond

    Lower bond prices follow through higher: (w) interest rates. (x) real estate speculation. (y) present value of future income by the bonds. (z) growth rates of national income. Please choose the right answer from ab

    		•
  • Q : Monopolistic competition and oligopoly

    One of my friends can't succeed to get the solution of this question. Give me solution of this question. Under what circumstances can monopolistic competition and oligopoly describe stable prices?

    		•
  • Q : Economic foundations of the single tax

    The economic foundations of the single-tax progress were first presented through: (1) British Prime Minister Lloyd George. (2) John Stuart Mill. (3) Henry George. (4) David Ricardo. (5) George Stigler. How can I so

    		•
  • Q : Effect of Increase in per capita income

    Rises in per capita income in the United States would be most probable to reduce the: (i) Demands for lard, pinto beans, and utilized tires. (ii) Excesses in the federal govt. budget. (iii) Supply of untrained labor relative to skilled labor. (iv) Tot

    		•
  • Q : Total utility of water in Paradox of

    Clean drinking water is accessible at a much lower price than the costs of equal amounts of gold. This actuality is most reliable with the outcome that whenever a consumer is in equilibrium, then the: (i) Net utility of water is very higher than its marginal utility,

    		•
  • Q : Supply curve for perishable goods The

    The supply curve for perishable goods which, once produced, can’t be stored in inventory is generally functioned as perfectly price inelastic into the: (i) short-run. (ii) intermediate period. (iii) long-run. (iv) market period. (v) fiscal year

    		•
  • Q : Public utilities in natural monopoly

    Public utilities are generally: (1) regulated natural monopolies. (2) competitive non-profit corporations. (3) consequences of diseconomies of scale in production. (4) only subject to laissez-faire regulation. (5) operated by the federal government.

    		•
  • Q : Entry of new firm in monopolistic

    Entry of new firms within a monopolistically competitive market: (1) is preventable. (2) may decrease the established firm’s production costs. (3) increases the established firm’s profits. (4) shrinks demand for a successful firm’s p

    		•