Business, 13.09.2021 18:30 Angellopezzz

New York City has been experiencing a housing emergency for a long time. Apartments are difficult to come by. In fact, the vacancy rate has been below 5 percent since World War II. Most recently (2018), the rental vacancy rate was at 3.63 percent that is much lower than the national vacancy rate, which was last recorded at an average of 6.9 percent. The vacancy rate is as low as 2.71 percent in some boroughs such as the Bronx. The most likely cause of the housing emergency is: A) a price floor on rent higher than equilibrium price. B) a price ceiling on rent lower than equilibrium price. C) too high incomes in New York City. D) a lack of a rationing mechanism to distribute existing apartments.

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 20:30

Which of the following actions would be most likely to reduce potential conflicts of interest between stockholders and bondholders? a) compensating managers with stock options, b) financing risky projects with additional debt, c) the threat of hostile takeovers, d) the use of covenants in bond agreements that limit the firm's use of additional debt and constrain managers actions, e) abolishing the security and exchange commission

Answers: 1

Answer

Business, 22.06.2019 11:00

How did the contribution of the goods producing sector to gdp growth change between 2010 and 2011 a. it fell by 0.3%. b. it fell by 2.3%. c. it rose by 2.3%. d. it rose by 0.6%. the answer is b

Answers: 1

Answer

Business, 22.06.2019 11:00

Why are the four primary service outputs of spatial convenience, lot size, waiting time, and product variety important to logistics management? provide examples of competing firms that differ in the level of each service output provided to customers?

Answers: 1

Answer

Business, 22.06.2019 17:30

Fabian got into an accident on his way to work. he had multiple fractures in his leg. his doctor advised strict bed rest for at least three months.fabian is a freelance wildlife photographer who usually works on a contract basis, and this is his primary source of income. before the accident, fabian was planning his finances. which goal of his financial plan would fabian in getting through without pay for the next three months? the goal that requires the creation of a/an would fabian get through the next three months without pay.

Answers: 1

Answer

You know the right answer?

New York City has been experiencing a housing emergency for a long time. Apartments are difficult to...

Questions