A rent ceiling set below the equilibrium rent
A) ensures the availability of enough low-rent apartments in a city.
B) results in all renters and potential renters being better off.
C) creates a situation in which the quantity demanded of housing is greater than quantity supplied.
D) ensures that landlords earn a reasonable rate of profit on apartments.
E) eliminates discrimination by landlords.
C
Economics
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Economies of scale are illustrated by:
A) a downward sloping long-run average cost curve. B) a flat long-run average cost curve. C) an upward-sloping long-run average cost curve. D) a downward-sloping short-run average total cost curve.
Economics
How is economic research similar to the research in other branches of science?
Economics