The argument that demand for apartments is more elastic in the long run is based on the idea that
A) it is costly to move quickly to a different location.
B) it takes time to build new apartments.
C) people will change apartments more readily when there is only a short time to benefit from lower rent.
D) landlords will fix up many new apartments when there are small changes in rent.
Correct Answer:
Verified
Q21: A price ceiling is a price
A)above which
Q22: One city that has repealed many of
Q23: If a landlord can get everyone out
Q24: The argument that demand for apartments is
Q25: Rent control continues to survive despite its
Q27: Rent control laws typically are established when
A)rents
Q28: Rent control continues to survive despite its
Q29: One result of rent control is the
Q30: The argument that supply of apartments is
Q31: The argument that supply for apartments is
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