Author Question: One consequence of rent ceilings set below the equilibrium rent is that A) a surplus of housing ... (Read 93 times)

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

One consequence of rent ceilings set below the equilibrium rent is that

A) a surplus of housing units develops.
B) renters are no longer exploited by landlords.
C) it makes the long-run housing supply more elastic.
D) search costs for housing increase.

Question 2

From 8 P.M. to 10 P.M., Susan can attend a movie, study, or talk with friends. Suppose that Susan decides to go to the movie but thinks that, if she hadn't, she would otherwise have talked with friends.

The opportunity cost of attending the movie is A) talking with friends and studying.
B) studying.
C) talking with friends.
D) two hours of time.