In a market with a rent ceiling set below the equilibrium rent, the producer and consumer surplus
A) both increase.
B) both decrease, but generally not to zero.
C) do not change.
D) are eliminated.
E) are both totally converted into deadweight loss.
B
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Hedge funds, investment banks, and other non-depository financial firms are known as ________
A) the shadow banking system B) repurchasers C) subprime lenders D) CDOs
Which of the following explains why production rises in most years?
a. increases in the labor force b. increases in the capital stock c. advances in technological knowledge d. All of the above are correct.
Empirical studies show that entry into markets increases both price and quantity of goods supplied.
Answer the following statement true (T) or false (F)
What are the two largest categories in federal government spending?
A. national defense and income security B. Social Security and income security C. national defense and Medicare D. Social Security and Medicare