Which of the following is NOT a potential impact of a rent ceiling set below the equilibrium rent?
A) a surplus
B) an increase in search
C) a deadweight loss
D) None of the above because they are all impacts of a rent ceiling set below the equilibrium rent.
A
Economics
You might also like to view...
In economics, transaction costs refer to the
a. time, effort, and other resources needed to search out and negotiate an exchange. b. dollar cost or price of the item traded. c. cost an economy suffers when it allows specialization according to comparative advantage. d. amount by which the price of an item increases due to the presence of a middleman.
Economics
Explain in a paragraph why the quantity demanded for non-renewable resources will be zero when the supply runs out.
What will be an ideal response?
Economics