Figure 4-9 Figure 4-9 Shows the Demand and Supply

question 225

Multiple Choice

Figure 4-9 Figure 4-9 shows the demand and supply curves for the almond market. The government believes that the equilibrium price is too low and tries to help almond growers by setting a price floor at Pf.
-Which of the following is not a result of imposing a rent ceiling?

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

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Definitions:

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The male parent of an infant, often involved in providing support and care for the child and the mother.

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The practice of fully concentrating on the speaker, understanding their message, responding thoughtfully, and remembering the conversation.

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The care and maintenance of a tracheostomy tube, including cleaning and monitoring, to ensure the airway remains open.