In the figures below, we compare Sydney's (SYD) market under its current policy for short-term rental platforms and under the alternative scenario where it implements the same policy as Amsterdam (AMS). The city of Amsterdam introduced 30 days limit on short-term rentals whereas Sydney has 180 days limit. The [ Select (1)] figure best represents the effect of introducing the same policy as Amsterdam. It would cause [ Select (2) ] in rental prices and [ Select (3) ] in rental accommodation. (1) a - top left b- top right c- bottom left d- bottom right (2) a- an increase b- a decrease c- neither an increase nor a decrease (3) a- an increase b- a decrease c- neither an increase nor a decrease
In the figures below, we compare Sydney's (SYD) market under its current policy for short-term rental platforms and under the alternative scenario where it implements the same policy as Amsterdam (AMS). The city of Amsterdam introduced 30 days limit on short-term rentals whereas Sydney has 180 days limit. The [ Select (1)] figure best represents the effect of introducing the same policy as Amsterdam. It would cause [ Select (2) ] in rental prices and [ Select (3) ] in rental accommodation. (1) a - top left b- top right c- bottom left d- bottom right (2) a- an increase b- a decrease c- neither an increase nor a decrease (3) a- an increase b- a decrease c- neither an increase nor a decrease
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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In the figures below, we compare Sydney's (SYD) market under its current policy for short-term rental platforms and under the alternative scenario where it implements the same policy as Amsterdam (AMS).
The city of Amsterdam introduced 30 days limit on short-term rentals whereas Sydney has 180 days limit.
The [ Select (1)] figure best represents the effect of introducing the same policy as Amsterdam. It would cause [ Select (2) ] in rental prices and [ Select (3) ] in rental accommodation.
(1)
a - top left
b- top right
c- bottom left
d- bottom right
(2)
a- an increase
b- a decrease
c- neither an increase nor a decrease
(3)
a- an increase
b- a decrease
c- neither an increase nor a decrease
Transcribed Image Text:Rental Market
Rental Market
D
Rental Market
Rental Market
‒‒‒‒
SYD's current policy
SYD with AMS's policy
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