Prior to 2005, it seemed like house prices always rose and never fell. when the demand for housing increases, prices in the housing market rise but not always by very much. for prices to rise substantially, the supply of housing must be relatively inelastic. that is, if the quantity supplied increases rapidly whenever house prices rise, price increases will remain small. many have suggested government polices to increase the elasticity of supply. what specific policies might hold prices down when demand increases? explain.

True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product

The partnership of douglas, ryan, and ellen has dissolved and is in the process of liquidation. on july 1, 2016, just before the second cash distribution, the assets and equities of the partnership along with profit and loss sharing ratios were as follows: cash $30,000receivable - net $20,000inventories $25,000equipment - net $30,000total assets $80,000liabilities $12,000douglas, capital (20%) $28,000ryan, capital (50%) $24,000ellen, capital (30%) $16,000total liab./equity $80,000assume that the available cash is distributed immediately, except for a $2,000 contingency fund that is withheld pending complete liquidation of the partnership. how much cash should be paid to each of the partners? a. $3,200 douglas, $8,000 ryan, $4,800 ellenb. $5,600 douglas, $14,000 ryan, $8,400 ellenc. $16,000 douglas, $0 ryan, $0 ellend. $8,000 douglas, $0 ryan, $8,000 ellen

Vincent enjoys investing his money in ways that can generate a return. he realizes that also a chance that his investment will decrease in value. this chance is known as a. opportunity cost b. risk c. recession d. deterioration