When a tenant in a rent-controlled apartment sublets the apartment to another renter at a rent higher than the price ceiling: there is a decrease in quantity demanded.
the transaction takes place on a black market.
it is inefficient
there is an increase in quantity demanded.

During 2016, nike inc., reported net income of $3,760 million. the company declared dividends of $1,022 million. the closing entry for dividends would include which of the following? select one: a. credit cash for $1,022 million b. credit dividends for $1,022 million c. debit net income for $1,022 million d. credit retained earnings for $1,022 million e. debit dividends for $1,022 million