The Deadweight Loss from a Rent Ceiling Below the Equilibrium

question 33

Multiple Choice

The deadweight loss from a rent ceiling below the equilibrium rent is smallest when the supply of housing is

• A) unit elastic.
• B) perfectly elastic.
• C) elastic but not perfectly elastic.
• D) perfectly inelastic.
• E) inelastic but not perfectly inelastic.

---

Definitions:

Lutheran

Pertains to the Christian denomination founded on the teachings and reforms of Martin Luther, emphasizing justification by faith alone.

1555 Peace of Augsburg

An important treaty in the Holy Roman Empire that allowed princes to choose Lutheranism or Catholicism as the religion of their territories.

Lutheranism

A major branch of Protestant Christianity which identifies with the theology of Martin Luther, a German monk and theologian who sought to reform the practices of the Roman Catholic Church in the 16th century.

Henry VIII

King of England from 1509 until his death in 1547, known for his six marriages and his role in the separation of the Church of England from the Roman Catholic Church, leading to significant religious and political changes.