Examlex

Solved

6.3 Controlling Prices-Maximum and Minimum Prices

question 47

Multiple Choice

6.3 Controlling Prices-Maximum and Minimum Prices
6.3 Controlling Prices-Maximum and Minimum Prices     Figure 6.6 -Refer to Figure 6.6.If the government will not allow landlords to charge more than $400 for an apartment,which of the following will happen? A)  Demand must eventually decrease so that the market will come into equilibrium at a price of $400. B)  Supply must eventually increase so that the market will come into equilibrium at a price of $400. C)  There will be an excess demand for apartments. D)  The market will be in equilibrium at a price of $400.
Figure 6.6
-Refer to Figure 6.6.If the government will not allow landlords to charge more than $400 for an apartment,which of the following will happen?


Definitions:

Communicating

The act of conveying information or expressing ideas and emotions between individuals or groups.

Close Friends

People with whom one shares a deep and personal bond, often characterized by mutual affection and support.

Cohabitation

The living together of a couple in a long-term relationship without being married.

Older Adults

Individuals who are typically aged 65 years and older, often considered to be in the later stage of life.

Related Questions