Rent ceilings
A) increase search activity.
B) result in surpluses.
C) create efficiency.
D) benefit producers.
E) have no effect if they are set below the equilibrium rent.
A
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A gallon of milk costs $4 in Bonland. If the government fixes the price at $3.50, ________
A) the quantity demanded of milk will fall B) the quantity of milk supplied will increase C) a shortage of milk will occur in the market D) there will be an excess supply of milk in the market
Workers who work the night shift at factories are paid more than similar workers who work the day shift due to a
Patents create monopolies, and monopolies have the ability to exercise market power. This ability results in all of the following except the ability to:
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