A black market for housing exists because of a rent ceiling. The rent for housing in the black market is
A) the same as the equilibrium rent.
B) lower than the ceiling rent.
C) somewhere between the ceiling rent and the maximum rent a tenant is willing to pay.
D) somewhere between zero and the equilibrium rent.
E) not defined because the market is not legal.
C
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A) a decline the desired level of capital and an increase in investment B) a decline in the desired level of capital and a decrease in investment C) an increase in the desired level of capital and a decrease in investment D) an increase in the desired level of capital and an increase in investment
A shift in the demand curve to the right represents
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