When a rent ceiling is imposed in a housing market, the opportunity cost of housing equals the A) ...

Author Question: When a rent ceiling is imposed in a housing market, the opportunity cost of housing equals the A) ... (Read 78 times)

oliviahorn72

Hero Member
Posts: 579

on: Jun 29, 2018

When a rent ceiling is imposed in a housing market, the opportunity cost of housing equals the

A) rent.
B) market equilibrium rent that would prevail in the absence of a rent ceiling.
C) value of the time and resources spent searching plus the rent.
D) consumer surplus.

Question 2

In the figure above, with international trade U.S. companies buy ________ helicopters per year.

A) 240
B) 480
C) 720
D) 360

Foundations of Microeconomics ¦ Bade, Parkin ¦ 8^th Edition

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matt95

Sr. Member
Posts: 317

Reply #1 on: Jun 29, 2018

Answer to Question 1

C

Answer to Question 2

A

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oliviahorn72

Hero Member
Posts: 579

Reply #2 on: Jun 29, 2018

Correct answers!

matt95

Sr. Member
Posts: 317

Reply #3 on: Jun 29, 2018

Great! Please up vote

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Author Question: When a rent ceiling is imposed in a housing market, the opportunity cost of housing equals the A) ... (Read 78 times)

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