Which of the following is not a result of imposing a rent ceiling?
A) There is a reduction in the quantity of apartments supplied.
B) The marginal benefit of the last apartment rented is greater than the marginal cost of supplying it.
C) There is an increase in the quantity of apartments demanded.
D) Some consumer surplus is converted to producer surplus.
D
You might also like to view...
Countries import goods in which they have:
a. an absolute advantage. b. a comparative advantage. c. a reputation for good product quality. d. a comparative disadvantage. e. a surplus domestic production.
The competitive firm's short-run supply curve is its
a. marginal revenue curve, but only the portion where marginal revenue exceeds marginal cost. b. marginal cost curve. c. marginal cost curve, but only the portion above the minimum of average total cost. d. marginal cost curve, but only the portion above the minimum of average variable cost.