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NEW QUESTION: 1

A. 0
B. 1
C. 2
D. 3
Answer: D
Explanation:

NEW QUESTION: 2
An objective measure is a measure that can be obtained by:
A. Counting
B. An individual's perception
C. All the above
D. None of the above
Answer: A

NEW QUESTION: 3
HOTSPOT
Match each customer to the recommended product from the HP Intelligent Management Center (IMC) portfolio.

Answer:
Explanation:

NEW QUESTION: 4
A city ordinance that freezes rent prices may cause:
A. The quantity demanded of rental space exceeds the quantity supplied.
B. The supply curve for rental space to rise.
C. The quantity supplied of rental space exceeds the quantity demanded.
D. The demand curve for rental space to fall.
Answer: A
Explanation:
Choice "c" is correct. A city ordinance that freezes rent prices (such as rent control and rent stabilization in
New York City) may cause the quantity demanded for rental space to exceed the quantity supplied. This
occurs if the rent controlled price is set below the market clearing price. At the controlled price, the
quantity supplied will be constrained due to the low rent prices for the rent-controlled and rent-stabilized
properties; builders will not want to build and rent properties for less than they are worth on the open
market. The quantity demanded for the rental space will still be artificially high due to the city ordinance,
which sets the controlled price below the market price. Thus, the quantity demanded will exceed the
quantity supplied. New York City rent control is a perfect example of the effect of a price ceiling and the
problems that it can cause. Choice "a" is incorrect. A city ordinance that freezes rent prices will not cause
the demand curve for rental space to fall. Price changes cause movements along the demand curve, not
shifts in the demand curve. Choice "b" is incorrect. A city ordinance that freezes rent prices will not cause
the supply curve for rental space to rise. Price changes cause movements along the supply curve, not
shifts in the supply curve. Choice "d" is incorrect. A city ordinance that freezes rent prices will not cause
the quantity supplied to exceed the quantity demanded. This choice is backwards.