If the supply curve for housing is perfectly inelastic, a reduction in demand will cause the equilibrium price to:
a. rise and the equilibrium quantity to fall

As a firm hires more and more workers:

A) the value of marginal product of the additional workers eventually increases. B) the marginal product of the additional workers remains the same. C) the value of marginal product of the additional workers remains the same. D) the value of marginal product of the additional workers eventually decreases.

A usury rate is like a price ceiling

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