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) value of the time and resources spent searching plus the rent.
D) consumer surplus.
Correct Answer:
Verified
Related Questions
Q14: A price ceiling
A) makes it illegal to
Q15: A price ceiling is a price
A) below
Q16: Which of the following is an effect
Q17: Which of the following is NOT a
Q18: In order to have an effect, a
Q20: A price ceiling set below the equilibrium
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents