The degree to which rent controls affect the market for apartments depends on

A. supply elasticity.
B. the intent of the lawmakers.
C. demand elasticity.
D. A) and C)


Answer: D

Economics

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If the four-firm concentration ratio in an industry increases, the industry

A. must have become more competitive. B. must have become a monopoly. C. must have become less competitive, although not necessarily a monopoly. D. may or may not have become less competitive.

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Use the following graph to answer the question below.The quantity where marginal benefit equals marginal cost is

A. 290. B. 200. C. 130. D. 0.

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Assume that you have won a prize of $10,000. Make a list of how you would spend and save the money, from most important to least important.

What will be an ideal response?

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