Which of the Follow Is a Result of Imposing a Rent

question 37

Multiple Choice

Which of the follow is a result of imposing a rent ceiling?

• A)Some consumer surplus is converted to producer surplus.
• B)There is an increase in the quantity of apartments supplied.
• C)There is an increase in the quantity of apartments demanded.
• D)The marginal benefit of the last apartment rented is less than the marginal cost of supplying it.

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Definitions:

Ounce

A unit of weight in the US customary and British imperial systems, equal to 1/16 of a pound or approximately 28.35 grams.

Milligram

A mass unit that is equivalent to 0.001 of a gram.

Gram

An expression of mass measuring exactly one thousandth of a kilogram.

Milligram

A unit of mass equal to one thousandth of a gram, used in the metric system.