midnite maniac
New member
I have been getting no where in looking this up...I would appreciate it if someone could kindly help me on this problem....Thanks much 
1. The "quota rent" refers to __________.
a) the difference between the demand price and the supply price at the quota limit.
b) the rent received by landlords who own rent-controlled apartments.
c) the opportunity cost of using a quota-controlled service, or of buying a good that is subject to an import quota.
d) the minimum rent that the owner of a building must receive before he/she is willing to rent out the building.
1. The "quota rent" refers to __________.
a) the difference between the demand price and the supply price at the quota limit.
b) the rent received by landlords who own rent-controlled apartments.
c) the opportunity cost of using a quota-controlled service, or of buying a good that is subject to an import quota.
d) the minimum rent that the owner of a building must receive before he/she is willing to rent out the building.