Business, 10.03.2020 03:20 sandstorm163

Suppose a city is considering placing a ceiling on rent for one-bedroom apartments, at $1,000 per apartment.
Demand is given by:
P = 1700 - 20Q
and supply by:
P = 80Q + 200,
where Q is measured in thousands of apartments.
Instructions: Round your answers to the nearest whole number.
(a) The market equilibrium rent is $ , and the equilibrium quantity is thousand apartments.
(b) With the price ceiling, the rent is $ per apartment, and the quantity rented is thousand apartments.
(c) The excess demand for apartments with the price ceiling is .

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 21:00

While studying for the engineering economy final exam, you and two friends find yourselves craving a fresh pizza. you can't spare the time to pick up the pizza and must have it delivered. "pick-up-sticks" offers a 1-1/4-inch-thick (including toppings), 20-inch square pizza with your choice of two toppings for $15 plus 5% sales tax and a $1.50 delivery charge (no sales tax on delivery charge). "fred's" offers the round, deep-dish sasquatch, which is 20 inches in diameter. it is 1-3/4 inches thick, includes two toppings, and costs $17.25 plus 5% sales tax and free delivery. 1. what is the problem in this situation? state it in an explicit and precise manner. 2. systematically apply the seven principles of engineering economy (pp. 3-6) to the problem you have defined in part (a). 3. assuming that your common unit of measure is dollars (i.e., cost), what is the better value for getting a pizza based on the criterion of minimizing cost per unit of volume? 4. what other criteria might be used to select which pizza to purchase?

Answers: 3

Answer

Business, 22.06.2019 23:10

Jake and janelle loved to prepare gourmet meals for friends and family. they started a business of preparing theme-type dinners for friends who were having parties. to generate even more interest in the business, janelle created on her website. she posted pictures of events, and close-ups of the food they served. she encouraged patrons and others to post reviews, comments, and favorite recipes, and to share their own party ideas. her promotion became a dialogue between buyers of her service and the business. interactive promotion infomercials product placement broadcast

Answers: 2

Answer

Business, 22.06.2019 23:10

R& m chatelaine is one of the largest tax-preparation firms in the united states. it wants to acquire the tax experts, a smaller rival. after the merger, chatelaine will be one of the two largest income-tax preparers in the u.s. market. what should chatelaine include in its acquisition plans? it should refocus its attention from the national to the international market. in addition to acquiring the tax experts, it should also determine the best way to drive independent "mom and pop" tax preparers out of business. chatelaine will need to explain to the federal trade commission how the acquisition will not result in an increase in prices for consumers. chatelaine should enter a price-based competition with its other major competitor to force it out of business and become a monopoly.

Answers: 3

Answer

Business, 22.06.2019 23:20

Suppose you manage an upscale restaurant in new york city. would involve writing employee schedules and a list of things to do for the chef and other kitchen staff

Answers: 3

Answer

You know the right answer?

Suppose a city is considering placing a ceiling on rent for one-bedroom apartments, at $1,000 per ap...

Questions