AaBbCcDdEe AaBbCcDdEe AaBbCcDc AaBbCcDdEE AaBl X , x 2 ADVA v Normal No Spacing Heading 1 Heading 2 Title 6. To be binding, a price ceiling like a rent control must be set a. below the equilibrium price. b. above the equilibrium price. c. at the free-market price. d. either below or above equilibrium. 7. A price ceiling like rent control encourages which of the following? a. A greater quantity of housing for consumers to enjoy. b. A surplus of housing, which also lowers the cost of home ownership. c. Improvements in how well housing is maintained by landlords. 19 d. Discrimination by landlords in terms of who to rent to. 8. When thinking about the FICA tax that pays for Social Security and Medicare, labor economist have concluded that the supply of labor is a. less elastic than the demand, and, therefore, workers bear most of the burden of the payroll tax. b less elastic than the demand, and, therefore, firms bear most of the burden of the payroll tax. C. More elastic than the demand, and, therefore, workers bear most of the burden of the payroll tax. d. more elastic than the demand, and, therefore, workers bear most of the burden of the payroll tax. Flaura 1 English (United States) Focus