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QUESTION

Explain. (b) Suppose the enrollment at your university unexpectedly declines. True or False: Apartment owners in the area will face higher vacancy...

Explain. (b) Suppose the enrollment at your university unexpectedly declines. True or False: Apartment owners in the area will face higher vacancy rates and might raise their rents to compensate. Does this observation in fact violate the laws of supply and demand?

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