... rise and quantity demanded to fall d rise and quantity demanded to rise ANSWER: b fall and quantity demanded to rise TYPE: M SECTION: 1 DIFFICULTY: 3 168 Chapter 6/ Supply, Demand, and Government Policies ... higher rent and lower quality housing ANSWER: b lower rent and lower quality housing TYPE: M SECTION: 1 DIFFICULTY: 2 Chapter 6/ Supply, Demand, and Government Policies 169 61 Under rent control, landlords cease to be responsive to tenants’ concerns about the quality of the housing because ... TYPE: M SECTION: 2 DIFFICULTY: 2 188 Chapter 6/ Supply, Demand, and Government Policies 187 The demand for salt is price inelastic and the supply of salt is price elastic. The demand for caviar is price elastic and the supply of caviar is price inelastic. Suppose that a tax of $1 per pound is levied on the sellers of salt and a tax of $1...