APTD - Associate Professional In Talent Development
APTD - Associate Professional in Talent Development
Exam (elaborations)
Chapter21 Question and answers already passed 2024/2025 Question and answers correctly solved 2024/2025
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APTD - Associate Professional in Talent Development
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APTD - Associate Professional In Talent Development
Chapter21 Question and answers already passed 2024/2025 Question and answers correctly solved 2024/2025 Question and answers correctly solved 2024/2025 Chapter 6
The graph below depicts the market for rental apartments. The market equilibrium rent is $1,000 per month, at which 1,200 apartment...
Chapter 6
The graph below depicts the market for rental apartments. The market
equilibrium rent is $1,000 per month, at which 1,200 apartments are rented.
The government imposes a price ceiling of $600 per month, as indicated by
the horizontal price ceiling (PC) line.
CHAPTER 6 QUESTION 2
At the government price ceiling of $600 per month, there is a a shortage of
(a) apartments. - correct answer ✔a. 1,200
The graph below depicts the market for rental apartments. The market
equilibrium rent is $1,000 per month, at which 1,200 apartments are rented.
The government imposes a price ceiling of $600 per month, as indicated by
the horizontal price ceiling (PC) line.
CHAPTER 6 QUESTION 2
Legally, the owner of the apartment building cannot charge more than $600
per month for rent. This does not prevent the owner from charging additional
fees on top of the rent such as a landscaping fee, key deposit, and so on. The
largest additional fee the owner could charge while still renting all 800
apartments is
$ - correct answer ✔600
Many local governments use parking meters on crowded downtown streets.
However, parking spaces along the street are typically hard to find because
the metered price is often set below the market price.
This is effectively a (a) price ceiling or price floor
that results in a (b) shortage or surplus
of parking spots. - correct answer ✔a. price ceiling
b. shortage
, The local city council passes a law that establishes a maximum rent for
apartments in your city. Which of the following is likely to happen?
- Housing is more difficult to obtain
- People will want tor rent more apartments
- More apartments will become available
- The demand for apartment will rise or shift right.
- Current renters will sublet to others at prices above the legal maximum
- Apartment quality will improve
a. likely
b. unlikely - correct answer ✔a. Housing is more difficult to obtain
People will want tor rent more apartments
Current renters will sublet to others at prices above the legal maximum
b. More apartments will become available
The demand for apartment will rise or shift right.
Apartment quality will improve
In Mumbai, there is a price ceiling on the amount of rent a tenant pays. This
price ceiling will be binding if it is set ___________ the equilibrium price of
rent.
Choose one:
A. below
B. equal to
C. above - correct answer ✔A. below
In Mumbai, there is a price ceiling on the amount of rent a tenant pays. The
binding price ceiling on rent causes which of the following? Select all that
apply.
Choose one or more:
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