Close Since 2011. the average monthly rent has doubled in Budapest. On average, the real estate market increased trom 130 thounend Hungaran fort or HUF (420) per month 2017 to 140 thousand HUF (450) in 2018. At the same time. a large number of new condon are being built soross the Hungaan capta How is this possible? OA Itthe number of apartments offered for rent is a constant, the only way prices can ise ishe demand increases. the demand increases ata higher rale than the supply. then such a situation is possible. O8. if the demand is constant, the only way prices can rise is the number of apartments ofered for rent decreases. If the supply decreases at a higher rate than the demand decreases, then such a situation is possible. OC. This is hard to explain because an increase in the number of apartments offered for rent should result in a tal in the monthly rent if the demand is constant D. This is hard to explain because a rise in the monthly rent should result in a decrease in the number of apartments offered for rent.

Close Since 2011. the average monthly rent has doubled in Budapest. On average, the real estate market increased trom 130 thounend Hungaran fort or HUF (420) per month 2017 to 140 thousand HUF (450) in 2018. At the same time. a large number of new condon are being built soross the Hungaan capta How is this possible? OA Itthe number of apartments offered for rent is a constant, the only way prices can ise ishe demand increases. the demand increases ata higher rale than the supply. then such a situation is possible. O8. if the demand is constant, the only way prices can rise is the number of apartments ofered for rent decreases. If the supply decreases at a higher rate than the demand decreases, then such a situation is possible. OC. This is hard to explain because an increase in the number of apartments offered for rent should result in a tal in the monthly rent if the demand is constant D. This is hard to explain because a rise in the monthly rent should result in a decrease in the number of apartments offered for rent.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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