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Author Question: Which of the following is a likely outcome of rent ceilings? A) a surplus of rent-controlled ... (Read 24 times)

tnt_battle

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on: Jun 29, 2018
Which of the following is a likely outcome of rent ceilings?
 
  A) a surplus of rent-controlled housing
  B) waiting lists of potential renters of rent-controlled housing
  C) construction of more rental housing
  D) black market rents below the ceiling rent

Question 2

Tom's consumption possibilities is defined by
 
  A) his income and the prices of the goods that he consumes.
  B) his preferences for consumption of the goods that he consumes.
  C) the prices of the goods that he consumes only.
  D) his income only.


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AISCAMPING

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


tnt_battle

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

zacnyjessica

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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