It is appropriate to use the supply-and-demand model if, in a ...

[iveyjurea]

It is appropriate to use the supply-and-demand model if, in a market,
 
  A) everyone is a price taker with full information about the price and quality of the good.
  B) firms sell identical products.
  C) costs of trading are low.
  D) All of the above.

Question 2

When compared to a public housing of the same value, a rent subsidy _____.
 
  a. would always make the individual better off
  b. would always make the individual worse off
  c. would make some individuals better off and some individuals worse off depending upon their preferences
   d. has a lower potential for fraud

[mjenn52]

Answer to Question 1

D

Answer to Question 2

a

[iveyjurea]

Excellent

[ryansturges]

Gracias!