If the supply curve for housing has the normal positive slope, ...

[Shelles]

If the supply curve for housing has the normal positive slope, rent controls are likely to:
 a. increase the quantity of available housing.
 b. improve the quality of available housing
 c. create a larger shortage than if the supply curve were vertical.
  d. help low-income families find suitable housing.

Question 2

Paper money is fiat money because it has been declared by government as a means of exchange.
 a. True
  b. False
  Indicate whether the statement is true or false

[af]

Answer to Question 1

c

Answer to Question 2

True

[Shelles]

Thanks for the timely response, appreciate it

[ktidd]

Excellent