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.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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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.
Transcribed Image Text: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.
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