If a rent ceiling is set ________ the equilibrium price, the effect can result in a housing ________

Refer to Figure 18.3. The opportunity cost of producing scooters in Livonia is

A) 2/3 of a pogo stick. B) 6/5 of a pogo stick. C) 1.5 pogo sticks. D) 1.25 pogo sticks.

If there are approximately 8,000 barrels of known reserves of oil, annual consumption of oil is 500 barrels,

and it is estimated that the supply of oil will be depleted in 30 years, how many barrels of unknown reserves of oil are there estimated to be, all else equal? A) 1,333 B) 7,000 C) 12,000 D) 48,000