Business, 16.10.2019 19:30 rissa8227

The city council of a small college town decides to regulate rents in order to reduce student living expenses. suppose the annual market clearing rent for a two bedroom apartment has been $700 per month and that rents were expected to increase to $900 per month within a year. the city council limits rents to their current level. a) draw a supply and demand graph to show what will happen in the market for student housing after the control is enacted

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The city council of a small college town decides to regulate rents in order to reduce student living...

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