Multiple Choice
When a rent ceiling is imposed in a housing market, the opportunity cost of housing equals the
A) rent.
B) market equilibrium rent that would prevail in the absence of a rent ceiling.
C) consumer surplus.
D) value of the time and resources spent searching plus the rent.
Correct Answer:
Verified
Related Questions
Q49: The government raises the tax on shirts.
Q50: Suppose the government wants to discourage the
