Since the price of antibiotics does not include all the costs of using antibioti

Question

Since the price of antibiotics does not include all the costs of using antibiotics, the price is too: high, and so antibiotics are overused. high, and so antibiotics are underused. low, and so antibiotics are overused. low, and so antibiotics are underused. Among the most powerful institutions for supporting good incentives are: government price controls. monopolies. legal limits on excessive profits. property rights. Rent controls are: price floors on rental housing. price ceilings on rental housing. quality freezes on rental housing. quantity freezes on rental housing. Figure: Elasticity and Quantity Demanded

Explanation / Answer

ans 45

c) low and so antibiotics are overused

because when some cost are not included, goods are underpriced and overused

ans 46

b) property rights

assigning property rights gives incentive to work better

ans 47

b) price ceiling on rental housing

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