RENTAL PRICE (Dollars per month) 2000 1800 1600 1400 1200 1000 800 600 400 200 The Market for Rental Properties in the Inland Empire Supply Demand Supply +. New Rent Demand Vacancies Demanded with Price Control 0 0 100 200 300 400 500 600 700 800 900 1000 QUANTITY (Number of vacant units) Vacancies Supplied with Price Control As a result of the 20% rent increase, the number of vacant units demanded to units.
RENTAL PRICE (Dollars per month) 2000 1800 1600 1400 1200 1000 800 600 400 200 The Market for Rental Properties in the Inland Empire Supply Demand Supply +. New Rent Demand Vacancies Demanded with Price Control 0 0 100 200 300 400 500 600 700 800 900 1000 QUANTITY (Number of vacant units) Vacancies Supplied with Price Control As a result of the 20% rent increase, the number of vacant units demanded to units.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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