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 61 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
YES! Correct, THANKS for helping me on my review

dreamfighter72

  • Member
  • Posts: 355
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

(A) Figure illustrating the location and appearance of a peptic ulcer in both the stomach and the du (A) Figure illustrating the location and appearance of a peptic ulcer in both the stomach and the du
Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages
Colossal Figure of Akhenaten Colossal Figure of Akhenaten
Frequency distribution of phenotypes from the possible offspring in Figure 5.7. Height of the offspr Frequency distribution of phenotypes from the possible offspring in Figure 5.7. Height of the offspr
Cut the figure into two identical parts Cut the figure into two identical parts
Figure 2.15.jpg Figure 2.15.jpg
Video: Female Reproductive System - Hormonal regulation (GnRH) الجهاز التناسلي للأنثى - التنظيم الهرموني

For a complete list of videos, visit our video library