A rent control law, where tenants pay below-market rents, is a ...

[imowrer]

A rent control law, where tenants pay below-market rents, is a market restriction that may induce a decrease in the supply of rented apartments.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The bowed production possibilities curve represents:
 a. constant opportunity costs.
 b. decreasing opportunity costs.
  c. increasing opportunity costs.
  d. none of the above

[vish98]

Answer to Question 1

True

Answer to Question 2

c

[imowrer]

Thanks for the timely response, appreciate it

[Sarahjh]

TYSM