This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In the above figure, the individual's consumer surplus will be highest if A) the price of ice ... (Read 67 times)

Mr3Hunna

  • Hero Member
  • *****
  • Posts: 536
on: Jun 29, 2018
In the above figure, the individual's consumer surplus will be highest if
 
  A) the price of ice cream is 5 per gallon.
  B) the price of ice cream is 3 per gallon.
  C) the price of ice cream is 2 per gallon.
  D) ice cream is free.

Question 2

With rent controls set below the equilibrium rent, what mechanism might arise that moves the market closer to the efficient equilibrium?
 
  A) decreased search costs
  B) black market activity
  C) increased advertising by landlords
  D) more favorable leases offered to tenants


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jomama

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


Mr3Hunna

  • Member
  • Posts: 536
Reply 2 on: Jun 29, 2018
Excellent

helenmarkerine

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

The anterior pituitary is sometimes called the master gland because it secretes many hormones that r The anterior pituitary is sometimes called the master gland because it secretes many hormones that r
Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages
A factory replacement unit for a CSFI unit that has individual injectors at the ends that go into ... A factory replacement unit for a CSFI unit that has individual injectors at the ends that go into ...
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed? The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
Refer to (d) in the figure above. This rectifier arrangement Refer to (d) in the figure above. This rectifier arrangement
Obese individual with stretch marks (striae) Obese individual with stretch marks (striae)
Video: Introduction to Epilepsy

For a complete list of videos, visit our video library