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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 132 times)

oliviahorn72

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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 ¦ 8th Edition
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matt95

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

C

Answer to Question 2

A


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oliviahorn72

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Reply #2 on: Jun 29, 2018
Correct answers!


matt95

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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