Financial innovations occur because of financial institutions search for

If a government enacts a rent control to protect apartment tenants, the result is likely going to be

a. an increase in rents with a surplus of apartments. b. an increase in rents with a shortage of apartments. c. a decrease in rents with a surplus of apartments. d. a decrease in rents with a shortage of apartments.

A higher price for a good will cause the budget constraint to rotate toward the origin

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