________ is the change in market value of capital over a given period.
A) Accounting depreciation
B) Implicit rental rate
C) Economic depreciation
D) Accounting implicit rental cost
Question 2
The figure above shows the demand for and supply of rental housing in Smallton. If a rent ceiling is set at 800, there is
A) a shortage of 3,000 units of rental housing.
B) a shortage of 6,000 units of rental housing.
C) a surplus of 3,000 units of rental housing.
D) neither a shortage nor a surplus of rental housing.