Author Question: Which of the following is NOT a potential impact of a rent ceiling set below the equilibrium rent? ... (Read 42 times)

roselinechinyere27m · **on:** Jun 29, 2018

Which of the following is NOT a potential impact of a rent ceiling set below the equilibrium rent?

A) a surplus
B) an increase in search
C) a deadweight loss
D) None of the above because they are all impacts of a rent ceiling set below the equilibrium rent.

Question 2

The latest model car in the dealer's showroom has a sticker price of 35,000.00. Fred, the shopper, has decided that he would pay no more than 32,000.00 for the car.

After two hours of bargaining with the saleswoman, Fred actually purchases the car for 31,000.00. Fred, therefore, has obtained a consumer surplus of A) 35,000.00.
B) 32,000.00.
C) 4,000.00.
D) 1,000.00.