If a city government enacts a maximum price on rent,
A) quantity supplied will decrease.
B) quantity demanded will increase.
C) allocational problems develop.
D) All of the above.
D
Economics
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The buying and selling of government bonds to influence reserves in the banking system is the responsibility of the:
A. Twelve regional Federal Reserve banks. B. Executive Branch of the government. C. Board of Governors of the Federal Reserve. D. Federal Open Market Committee.
Economics
Which of the following types of economic regulation is most likely to encourage a natural monopoly to NOT inflate its costs?
A) average cost pricing rule B) rate of return regulation C) price cap regulation D) None of the above encourages cost cutting.
Economics