Suppose you live in New York City and the government has imposed price ceilings on apartment rental rates. You want to rent an apartment from Smith, who says that unless you buy the furniture in the apartment for $4,000, he cannot rent the apartment to you. The condition of buying the furniture could be considered
A) a price ceiling.
B) a price floor.
C) a tie-in sale.
D) to be something no renter would agree to.
E) c and d
C
Economics
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Refer to the Article Summary. Based on the difference between the face value of Super Bowl tickets and the prices being charged in the resale market, the demand at the face value of the tickets is
A) elastic. B) unit elastic. C) inelastic. D) perfectly elastic.
Economics
Direct foreign investment has been most critical for China's domestic consumer market
Indicate whether the statement is true or false
Economics