Multiple Choice
The services of real estate brokers are provided in a competitive market.If the state Board of Realtors enacts several requirements that limit the number of real estate brokers,then social welfare will most likely
A) not change, but there will be a transfer from consumer to producer.
B) not change, but there will be a transfer from producer to consumer.
C) decrease, although producers are made better off.
D) decrease, although consumers are made better off.
Correct Answer:
Verified
Correct Answer:
Verified
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