1) in a market without price controls, market pressures push price toward
- shortage prices
- equilibrium prices
- surplus prices

2) opponents of rent control believe that it causes housing
- surplus
- shortage
- market

3) suppose you produce a camera that cost $50 to make. at a selling price of $45, you will
- earn a profit
- just cover your cost
- lose money

“obamacare”: included a provision for government-run health insurance called “the public option.” was bitterly opposed by congressional republicans because most favored a “single-payer” plan. survived two challenges to its constitutionality. was partially repealed in 2013 in order to avert a government shutdown. led to the expansion of medicaid in republican controlled states.