58 733
Assignments Done
Successfully Done
In March 2018
Your physics homework can be a real challenge, and the due date can be really close — feel free to use our assistance and get the desired result.
Be sure that math assignments completed by our experts will be error-free and done according to your instructions specified in the submitted order form.
Our experts will gladly share their knowledge and help you with programming homework. Keep up with the world’s newest programming trends.

Answer on Finance Question for Lina

Question #33705
With which proposition are two economists chosen at random most likely agree with?

- immigrants receive more in government benefits than they contribute in taxes.
- having a single - income tax rate would improve economic performance
- a ceiling on rent reduces the quantity and quality of housing available
Expert's answer
Two economists chosen at random would most likely agree with the third statement: “a ceiling on rent reduces the quantity and quality of housing
Rent control, like all other government-mandated price controls, is a law
placing a maximum price, or a “rent ceiling,” on what landlords may charge
tenants. It means that apartments are not able to reach market price. Ceilings
keep them below market price, causing a shortage. So if rents are established
at less than their equilibrium levels, the quantity demanded will necessarily
exceed the amount supplied, and rent control will lead to a shortage of
dwelling spaces.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!


No comments. Be first!

Leave a comment

Ask Your question