The shortage that results from rent control will be greater
A. in the short run.
B. in the long run.
C. when demand is more elastic.
D. B) and C)
Answer: D
You might also like to view...
Businesses keep inventories in order to: a. meet a certain level of expected sales. b. keep prices up artificially
c. decrease their fixed cost of production. d. benefit from economies of scale.
A college has found that during every home football game, a group of students sits on a hillside next to the stadium and watches the game without purchasing tickets. In economics, the problem that this college is facing is referred to as a
a. common good problem. b. free rider problem. c. onlooker problem. d. deadweight loss problem.
Bert put $75 into an account and one year later had $100 . What interest rate was paid on Bert's deposit?
a. 20 percent b. 25 percent c. 28 percent d. None of the above is correct.
A reserve requirement of 10 percent implies a potential money deposit expansion multiplier of
A) 5. B) 10. C) 20. D) 100.