Which of the follow is a result of imposing a rent ceiling?
A) Some consumer surplus is converted to producer surplus.
B) There is an increase in the quantity of apartments supplied.
C) There is an increase in the quantity of apartments demanded.
D) The marginal benefit of the last apartment rented is less than the marginal cost of supplying it.
Correct Answer:
Verified
Q142: Government intervention in agriculture began in the
Q146: Explain how both renters and landlords could
Q148: There is a shortage of every good
Q150: Which of the following describes the difference
Q151: Which of the following is a result
Q153: Companies in the sharing economy,such as Airbnb
Q154: Rent control is an example of a
Q158: Because minimum wage is a price floor
A)it
Q159: If the government implements a price ceiling
Q294: Congress passed the Freedom to Farm Act
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