When a rent ceiling is imposed in a housing market, the opportunity cost of housing equals the
A: rent.
B: market equilibrium rent that would prevail in the absence of a rent ceiling.
C: value of the time and resources spent searching plus the rent.
D: consumer surplus.
A: rent.
B: market equilibrium rent that would prevail in the absence of a rent ceiling.
C: value of the time and resources spent searching plus the rent.
D: consumer surplus.
举一反三
- Suppose the equilibrium rent in Boston is $1,500. A rent ceiling of $1,600 per month leads to
- Which of the following would be the most likely result of a binding price ceiling imposed on the market for rental cars? A: frequent rental programs such as "Rent nine times and the tenth rental is free!" B: enhanced maintenance programs to promote the high quality of the cars C: free gasoline given to people as an incentive to a rent a car D: slow replacement of old rental cars with newer ones
- Which of the following would be the most likely result of a binding price ceiling imposed on the market for rental cars? A: frequent rental programs such as "Rent nine times and the tenth rental is free!" B: enhanced maintenance programs to promote the high quality of the cars C: free gasoline given to people as an incentive to a rent a car D: slow replacement of old rental cars with newer ones
- Rather than _____ a car of his own, he prefers _____ one. A: to buy; to rent B: to buy;rent C: buy; to rent D: buy; rent
- What does this store do A: Rent computers only. B: Rent computers and office furniture. C: Rent and sell computers. D: Rent and repair computers only.