If a pair-wise majority vote was held to determine which school project gets funded and the voters' preferences are shown in the table, which option would David like to see voted on first?

Moving along an elastic portion of a demand curve, a small percentage change in price leads to a larger percentage change in quantity demanded

a. True b. False Indicate whether the statement is true or false

Under rent control, landlords cease to be responsive to tenants' concerns about the quality of the housing because

a. with shortages and waiting lists, they have no incentive to maintain and improve their property. b. they become resigned to the fact that many of their apartments are going to be vacant at any given time. c. with rent control the government guarantees landlords a minimal level of profit. d. with rent control it becomes the government's responsibility to maintain rental housing.