A rent ceiling creates a shortage. As a result, there is

A) an efficient allocation of housing.
B) a surplus of housing.
C) an increase in the producer surplus in the housing market.
D) a decrease in the producer surplus in the housing market.

D

Economics

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Refer to the table above. At what rate did the country grow between 2006 and 2007?

A) 13.63% B) 17.47% C) 15.55% D) 19.24%

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Utility is determined by an individual's

a. income b. price c. relative price d. profit e. tastes and preferences

Economics