Suppose you live in New York City and the government has imposed price ceilings on apartment rental rates.You want to rent an apartment from Smith,who says that unless you buy the furniture in the apartment for $4,000,he cannot rent the apartment to you.The condition of buying the furniture could be considered
A) a price ceiling.
B) a price floor.
C) a tie-in sale.
D) to be something no renter would agree to.
E) c and d

Question

Quizplus · Accepted Answer

This is an example of a tie-in sale because the landlord is only willing to rent the apartment if the renter also purchases the furniture. This is not a price ceiling or floor, as the price of the apartment itself is not affected. It is not necessarily something no renter would agree to, as some renters may be willing to purchase the furniture or may not mind renting an unfurnished apartment.

Suppose You Live in New York City and the Government