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:

Rotor Bars

Metal bars mounted in the rotor of an induction motor, which conduct current and create a magnetic field that interacts with the stator to produce torque.

Induce Voltage

The process by which a voltage is generated in a conductor by changing the magnetic field around it.

Constant Speed

Maintaining a uniform speed regardless of load or other external conditions.