Who bears the costs of a program to control rents at a maximum level?
A) landlords or owners of housing units
B) consumers who face difficulty moving to a more suitable apartment
C) homeless who cannot find rental units
D) all of these
Answer: D
Economics
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Suppose capital and labor are perfect substitutes resulting in a production function of q = K + L. That is, the isoquants are straight lines with a slope of -1
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Economics