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Economics, Microeconomics
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Demand Curve Properties
36. A straight-line demand curve has which of the following properties?
A) Constant slope and varying price elasticity.
B) Constant income elasticity with varying slope.
C) Varying slope and varying supply elasticity.
D) Constant slope and constant price elasticity.
E) None of the above may be asserted in general.
By OTA: Ramas Ramaswami, PhD
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Effect of rent control on supply/demand - 49. Suppose that a large city is investigating the elimination of rent controls on housing at a time when the vacancy rate is extremely low-only 1 percent of all apartments in the city are vacant. Which of the following is most likely to occur if rent controls are eliminated?
A) An increase in the demand for housing, followed by a decrease in the suppl...
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