Problem
1. How often do you rent videos? Would you do so more often if a rental cost half as much? Distinguish between your demand curve for home videos and your "quantity demanded" at the current price.
2. Discuss the likely effects of the following:
a. Rent ceilings on the market for apartments
b. Floors under wheat prices on the market for wheat Use supply-demand diagrams to show what may happen in each case.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.