Answer the following questions true (T) or false (F)
1. Price ceilings result in shortages.
2. All renters benefit from rent control and all landlords lose.
3. There is a shortage of every good that is scarce.
1. TRUE
2. FALSE
3. FALSE
You might also like to view...
Which of the following is likely to shift the market demand curve for school textbooks to the right?
A) A fall in the price of school textbooks B) An increase in school tuition fees C) A fall in the total income of all consumers D) An increase in the enrollment rates in high schools
Suppose there is a report that the unemployment rate unexpectedly increased in the previous month. To what extent will the expected central bank response to this news affect how stock prices will respond to this report of a higher than expected unemployment rate? Explain
What will be an ideal response?