Author Question: A rent ceiling set above the equilibrium rent A) decreases the quantity demanded but not the ... (Read 85 times)

ericka1 · **on:** Jun 29, 2018

A rent ceiling set above the equilibrium rent

A) decreases the quantity demanded but not the quantity supplied.
B) decreases the quantity supplied but not the quantity demanded.
C) decreases both the quantity demanded and the quantity supplied.
D) has no effect on the market outcome.

Question 2

A country opens up to trade and imports clothing. In the clothing market, surplus has been redistributed from

A) producers to consumers.
B) consumers to producers.
C) government to consumers.
D) producers to government.