Draw a correctly labeled graph of a housing market in equilibrium. On your graph, illustrate an effective legal limit (ceiling) on rent. Identify the quantity of housing demanded, the quantity of housing supplied, and the size of the resulting surplus or shortage.
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Answer:
In the first picture I uploaded, I show the housing market equilibrium without any effective legal ceilings on rent. In this equilibrium, the quantity demanded and the quantity supply reach an equilibrum of 70, at a price of $1,100 per rent.
In the second picture I uploaded, we can see the price ceiling in red. The price ceiling does not allow the rent to reach equilibrium, which causes a demand of eighty houses, but a supply of sixty houses, leading to a housing shortage of 20 houses.
Related Questions
To deal with a wartime economic crisis in 1779, Congress urged states to: a. seek loans from friendly European governments. b. allow the free market to operate without regulation. c. adopt measures to fix wages and prices. d. raise taxes on the wealthy. e. establish food banks to distribute food to the needy.
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Answer:
C. adopt measures to fix wages and prices.
Explanation:
Between 1775 - 1783, the thirteen (13) colonies in Congress warred against the British because of its lack of colonial representation and the objection of the British to the direct taxation method introduced by the parliament. This war was known as the American revolutionary war or American war of independence.
Consequently, this war resulted in a deep economic crisis and inflation for the people of America.
To deal with this wartime economic crisis in 1779, Congress urged states to adopt measures to fix wages and prices such as refusal to issue continental dollars but resort to the issuing of tax adjustment notes, loan office certificates, warrants, quartermaster notes, etc.
Nora has heard that opening a lot of credit card accounts is a good way to build credit. She currently has five cards, but is sometimes forgetful in paying her bills on time and usually has a balance on each card. Her favourite store is offering a $50 coupon on her next purchase, with the promise of more coupons in the future, if she opens a credit card. She decides to open the store credit card to get the discounts.
How would Nora use the decision making steps in this scenario?
Is this a good or bad debt move? Why?
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What is a stock symbol?
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Answer:
A stock symbol is an arrangement of characters—usually letters—representing publicly-traded securities on an exchange. When a company issues securities to the public marketplace, it selects an available symbol for its shares, often related to the company name.
Explanation:
Even through the United States is traditionally viewed as a market economy, what role does the government have in the economy?
A. The government is in charge of setting the prices within the economy.
B. The government is in charge of the taxing and spending of the government.
C. The government has no role within the market economy of the United States.
D. The government is to make sure that there is fairness and equity within all markets of the economy.
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Answer:
D. The government is to make sure that there is fairness and equity within all markets of the economy.
Explanation:
The USA is a predominantly free-market economy. Entrepreneurs are free to decide where and the nature of the business to set-up. Buyers have the liberty to purchase from their preferred suppliers. Demand and supply forces determine the goods and services to be availed in the market and their prices.
The US government participates in the economy as a regulator. Its primary role is to promote fair competition among suppliers, guard consumers against unfair exploitation by traders, and safeguard worker interest. The government may provide essential public services such as roads, health, and education but the majority of factors of production are in the private sector.
the answer is B. The government is in charge of the taxing and spending of the government.
In the month of November, Cullumber Company Inc. wrote checks in the amount of $10,230. In December, checks in the amount of $11,815 were written. In November, $8,240 of these checks were presented to the bank for payment, and $10,655 in December. There were no outstanding checks at the beginning of November. What is the amount of outstanding checks at the end of November? At the end of December? November December The amount of outstanding checks $enter a dollar amount $enter a dollar amount
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Answer and Explanation:
The computation of the outstanding checks is shown below:
For the November end
= Checks - presented in the bank
= $10,230 - $8,240
= $1,990
For the December end
= Checks - presented in the bank + presented in th bank - checks
= $10,230 - $8,240 + $11,815 - $10,655
= $3,150
We simply applied the above formula
A regional automobile dealership sent out fliers to prospective customers indicating that they had already won one of three different prizes: an automobile valued at $28 comma 000, a $100 gas card, or a $5 shopping card. To claim his or her prize, a prospective customer needed to present the flier at the dealership's showroom. The fine print on the back of the flier listed the probabilities of winning. The chance of winning the car was 1 out of 31 comma 248, the chance of winning the gas card was 1 out of 31 comma 248 comma and the chance of winning the shopping card was 31 comma 246 out of 31 comma 248. Complete parts (a) through (c).
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Answer:
the requirements are missing, so I looked for a similar question.
a. How many fliers do you think the automobile dealership sent out?
b. Using your answer to (a) and the probabilities listed on the flier, what is the expected value of the prize won by a prospective customer receiving a flier?
c. Using your answer to (a) and the probabilities listed on the flier, what is the standard deviation of the value of the prize won by a prospective customer receiving a flier?
a) the total fliers sent out = 31,246 + 1 + 1 = 31,248
b) expected value = [(1 x $28,000) + (1 x $100) + (31,246 x $5)] / 31,248 = $5.90
c) σ² = [($28,000 - $5.90)² x 1] + [($100 - $5.90)² x 1] + [($5 - $5.90)² x 31,246] / 31,248 = ($783,669,634.80 + $8,854.81 + $25,309.26) / 31,248 = $25,080.13
σ = √$25,080.13 = $158.37
What are the two parts of the platform used to run application software? GUI and HCI hardware and operating system kernel and software configuration application base and operating system
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Answer:
The answer is B
Explanation:
Answer:the answer is B hardware and operating system
Explanation:
What is a plan for how much to spend and how much to save of ones earnings called?
A. a wish list
B. a personal budget
C. a saving account
D. an investment portfolio
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name every my hero acadamia character
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Answer:
Izuku Midorya (All for one quirk, main protagonist)
Ochaco Uraraka (Zero-Gravity)
Iida Tenya (Engine)
Katsuki Bakugo (Explosion)
Tsuyu Asui (Frog)
Shouto Todoroki (Half-cold, half-hot).
The main teachers would probably be Shouta Aizawa (aka Eraserhead; their homeroom teacher) and All Might, the No. 1 hero and Izuku’s mentor.
The rest of Class 1A includes: Momo Yaoyorozu (Creation), Yuga Aoyama (Naval Lazer), Mina Asahido (Acid), Eijiro Kirishima (Hardening), Mezo Shoji (Dupli-Arms), Toru Hagakure (Invisibility), Koji Koda (Ani-voice), Denki Kaminari (Electrification), Hanta Sero (Tape), Rikido Sato (Sugar Rush), Masahirao Ojiro (Tail), Kyouka Jiro (Earphone Jack), Fumikage Tokoyami (Dark Shadow, and finally, Minoru Mineta (Pop-Off)
Explanation:
Answer: cant name all of them buti ill try
Explanation: izuku midoriya
shoto todoroki
katsuki bakugo
Eijiro Kirishima
Momo Yaoyorozu.
Tenya Ida.
Shoto Todoroki.
Tsuyu Asui.
Kyoka Jiro.
Mashirao Ojiro
The expected rate of return on Happy Dog Soap's stock over the next year is ---------.
The expected rate of return on Black Sheep Broadcasting's stock over the next year is------.
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Answer:
The first part of the question is missing, so I looked for it.
The expected rate of return on Happy Dog Soap's stock over the next year is:
= (return if market is strong x probability of strong market) + (return if market is normal x probability of normal market) + (return if market is weak x probability of weak market) = (33% x 0.25) + (20% x 0.45) + (-26% x 0.30) = 9.45%
The expected rate of return on Black Sheep Broadcasting's stock over the next year is:
same formula as before = (46% x 0.25) + (26% x 0.45) + (-33% x 0.30) = 0.133%
Part A
In the video, what tax cut is President Obama extending?
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Answer: He is announcing an extension of a cut in payroll taxes.
Explanation: edmentum/ plato
Allesandra would like to work in a school environment, and she knows that she would prefer a career in which she spends lots of work time walking around rather than sitting in an office. a. Elementary school teacher b. Administrative support worker c. Instructional designer d. High school principal
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Answer:
a. Elementary school teacher
Explanation:
An elementary school teacher refers to an individual who is an educational professional and is typically saddled with the responsibility of developing and implementing lesson plans for students in the classroom.
Basically, an elementary school teacher educate students on vital subjects such as mathematics, english language, verbal studies, quantitative reasoning etc. which forms the foundation of a student's future career, observe, analyze and evaluate the performance of each pupil, coordinate all classroom activities, enforce school and classroom rules etc. All of the aforementioned responsibilities are executed or achieved by walking around the classroom to effectively and efficiently monitor and evaluate the pupils.
In this scenario, Allesandra would like to work in a school environment, and she knows that she would prefer a career in which she spends lots of work time walking around rather than sitting in an office.
Hence, the education career which would be the best option for Allesandra, is to work as an Elementary school teacher.
Answer:
a
Explanation:
my school teacher