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accommodations (apartments, houses, and mobile homes). New York City alone had over two
million rent-controlled apartments in the early 1950s, but only about 27,000 as of 2014. Show
the effect of a rent control law on the equilibrium rental price and the quantity of N.Y. apartments.
Show the amount of excess demand on your supply-and-demand diagram.
At prices below the equilibrium price, the quantity demanded is ____ than the quantity suplied, and there is a(n)____ on the price.
Assume a world of two goods, beef and cars; and two countries South Africa and Botswana. Cars are capital intensive and Botswana is labour abundant. Assume the standard H-O assumptions hold. According to the Rybczynski theory, if labour doubles in Botswana how does production and consumption compare to pre- growth conditions in Botswana? Explain with the relevant diagram.
prosperity?
explain the kinked deman curve theory of an oligopoly. include in your aswer a discussion of a contempory oligopoly
Depreciation 525
Government expenditure 450
Gross domestic investment 750
Imports of goods and services 135
Personal consumption expenditure 27, 500
Find the value of net domestic product
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#258419 on May 2020