Rent controls are an example of a
A) price floor.
B) price ceiling.
C) price floor for the consumer and a price ceiling for the producer.
D) nonprice rationing device.
Answer: B
Economics
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Positive relationships are also referred to as inverse relationships
Indicate whether the statement is true or false
Economics
When any effort by government causes the supply of a good to rise, what happens to the supply curve for that good?
(A) The supply curve is not affected. (B) It shifts to the right. (C) It shifts to the left. (D) It reverses direction.
Economics