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What do price ceiling results in?
I just copied/pasted an answer I came up with mere minutes ago on a similar question... A price ceiling is the maximum amount that sellers can charge for a good or service (G/S). An example of this is rent in a large city like New York. Lets just say that the tenant can only charge $1500 a month for rent in one of his apartments (theoretically). This will cause a shortage in apartments because of the amount of people who can afford the rent, and the amount of tenants who take their apartments off of the market because they will actually lose money if they rent it out. With the lower monthly payments for rent, the tenants will be reluctant to make repairs on the apartment due to how much they actually receive. There will also be a rise in black market activity for apartments, the renter will pay extra for rent under the table. Price Ceiling = Shortage, Decrease in Quality, Black Market Activity, and Discrimination
What is a price ceiling and what are its economic effects?
A price ceiling is the maximum amount that sellers can charge for a good or service (G/S). An example of this is rent in a large city like New York. Lets just say that the tenant can only charge $1500 a month for rent in one of his apartments (theoretically). This will cause a shortage in apartments because of the amount of people who can afford the rent, and the amount of tenants who take their apartments off of the market because they will actually lose money if they rent it out. With the lower monthly payments for rent, the tenants will be reluctant to make repairs on the apartment due to how much they actually receive. There will also be a rise in black market activity for apartments, the renter will pay extra for rent under the table. Price Ceiling = Shortage, Decrease in Quality, Black Market Activity, and Discrimination
Where are no credit check apartments in Jacksonville FL?
No where, honestly. Everybody want "credit sense" and each site charge a different price for it.
What are the search options available on the Jacksonville Apartments online service?
On the Jackson Apartments online service you can search by price range, amount of bedrooms, amount of bathrooms, if pets are allowed, and an advanced search entry.
How is price determined under imperfect market?
Remember under this market there's a government intervention.the Government determine the prices of the market by using the minimum(the minimum that the market can charge) and maximum wage(Maximum that the market can charge)
What does Creaming the market mean?
Creaming the market is when a firm or business may charge a very high price for a certain product. The firm will continue to charge a very high price until rival products appear.
What is price charge?
"Price charge" typically refers to the amount of money a business charges for a product or service. It is the cost that customers pay in exchange for receiving the item or service. The price charge can vary depending on factors such as production costs, competition, and market demand.
is the Harvestree Apartments based on income?
The Harvestree apartments does not base their rental price of apartments on income. They do not participate in subsidized housing.
What is price-fixing?
An agreement by different companies to charge the same price for products, rather than letting the market adjust normally based on supply and demand.
Explain the difference between market price and normal price?
Price is the value or worth of a product or service and when you say price then it vehicle the normal price of a product or a service which a company charges. On the other hand, market price is the price of a product or service which is contained by a marketplace and is resulted through market efficiency, equilibrium and normal expectations. Normal price can be lesser, equal or greater than the market price. If most of the companies in an industry charge open market prices for the products or services then competition is high in that specific industry.
Are apartments very expensive in Dallas and what is the price range?
Apartments in Dallas vary greatly in price based on location and quality/size of the apartment. You can find apartments anywhere from $500 a month to thousands of dollars a month.
What is the price range for Dublin apartments?
The price range for Dublin apartments range from $1,500 for a 1 bedroom up to $4,300 for a luxury 3 bedroom apartment. Two bedroom apartments rent in the $2,000 range.
