Under which condition(s) does an increase in the total inventory of space produce a decrease in the short-run equilibrium occupancy rate? How does your answer relate to the sensitivities of Dq and Dy, i.c. to the slopes of the demand curves? (Hint: you need to compute Solution The change in the occupancy rate with respect to the total stock of space can be found as follows: dq ds ds S - Q S2 1 [dQ Q1 slds %3D slds 1 q + s
Under which condition(s) does an increase in the total inventory of space produce a decrease in the short-run equilibrium occupancy rate? How does your answer relate to the sensitivities of Dq and Dy, i.c. to the slopes of the demand curves? (Hint: you need to compute Solution The change in the occupancy rate with respect to the total stock of space can be found as follows: dq ds ds S - Q S2 1 [dQ Q1 slds %3D slds 1 q + s
Chapter3: Functions
Section3.3: Rates Of Change And Behavior Of Graphs
Problem 1SE: Can the average rate of change of a function be constant?
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