Which statement is FALSE?
A) A frost that destroys half the orange crop will create a surplus of oranges.
B) It is possible to have a shortage of a good even if its supplies are abundant.
C) Politicians often blame speculators and profiteers for rising prices rather than changes in supply and demand.
D) To eliminate a shortage, prices must rise.
Correct Answer:
Verified
Q168: An alternative to rent control that has
Q169: If affordable housing is a concern, then
Q170: Rent control in New York City has
Q171: Dramatic price increases, such as those seen
Q172: Why do many consumers and politicians advocate
Q174: From an efficiency standpoint, rent controls:
A) increase
Q175: If price controls are so harmful, why
Q176: Which statement(s) is TRUE?
I. Rent controls prevent
Q177: Under rent controls:
A) some mutually profitable trades
Q178: Ancient Athens had strict controls on the
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