Two cities face identical prices for their housing. City A decided to be a pollution free city "Clean town" and all the factories would locate in city B "Smogville", we expect the prices of housing in city A "Clean town" to

When the government controls the price of a product, causing the market price to be below the free market equilibrium price,

A) some consumers gain from the price controls and other consumers lose. B) all producers gain from the price controls. C) both producers and consumers gain. D) all consumers are better-off.

The lowest-income fifth of the population ordinarily earns about 20 percent of the income in the United States

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